Chinazor Megbolu |
The Department of Petroleum Resources (DPR) and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) are partnering on four cardinal focus for downstream operations.
DPR on Thursday said the outlined four cardinal focus is geared towards enabling business and create opportunities in the oil and gas sector.
The Director, Mr. Sarki Auwalu, disclosed this during a visit of members of DAPPMAN in Lagos.
He noted that the four focus areas are; quality for product assurance and customer satisfaction; quantity for transparency, value for money and consumer protection; safety for personnel and assets and public safety as well as Integrity for investment protection and business continuity.
Auwalu further explained the agency, DPR, would continue to collaborate with DAPPMAN in a bid to achieve national aspirations for the downstream Industry.
He pointed out that these could be achieved through price freedom, optimum petroleum products distribution network, petroleum products supply sufficiency and curbing of petroleum products cross-border leakages.
He also averred that with the Ministerial declaration of 2020 as the ”Year of Gas”, is a new world of alternative fuels and investment opportunities that has been created.
Auwalu, however, urged DAPPMAN executives to avail themselves of these opportunities and work with DPR to enable value creation for investors and government.
“DPR has developed a Gas Business Incentives and Support Programme (GBISP) to drive gas expansion and penetration.
”This includes key strategic initiatives such as implementation of the gas network code programme to encourage gas base industries (GBI’s) and support for duty waivers consideration for equipment, tools and materials for downstream gas facilities.
“It also includes streamlining registration for Liquefied Petroleum Gas resellers and the ongoing gas commercialisation programme being put in place to achieve the GBISP,” Auwalu said.
The Chairman, DAPPMAN, Mrs. Winifred Akpani in her address lauded the DPR for its regulatory initiatives and engagements with stakeholders in the oil and gas industry.
She also hinted that DPR robust initiatives in the sector over the years have created an enabling environment for their businesses.
Akpani posited that DAPPMAN would continue to provide support for government policies especially in its drive for price freedom in the downstream sector.
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