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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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PETAN- Fed Govt: Assist In Maximising Oil& Gas Outputs By 60 Or 70%

By Favour Ifeoluwa & Akinola Ajibade

The Petroleum Association Technology of Nigeria ( PETAN) is ready to support President Bola Ahmed Tinubu led government m the country, its Chairman, Mr Wole Ogunsanya has said.
He gave this assurance in Lagos, when the newly elected representatives of National Association of Energy Correspondents ( NAEC) paid him acottesgy visit.
Currently, Nigeria the country produces far below 40 per cent of the of the oil and gas value chain, a development, which is lesser than. what Nigeria nees fo be ranked among the 20  top economies. in the world. 
However, Ogunsanya said that if Nigeria can retain between 60 to 70 percent oil and gas valve chain, she stands a better chance of emerging  one of top 20 best economies.
According to PETAN, Nigeria is producing below 500, 000 barrels of crude oil per day, adding that the figure is a huge loss to the country.
The losses, Ogunwole said, would not have been the case,  if there was full in -country retention values and beneficiation across all the chains of the industry.
He explained: If Nigerian organisations are involved in taking that oil out, taking to a refinery  owned by Nigerians. If we have petrochemicals refining the gas and the product, we are taking that gas, we are processing it in  the power plants; we run pipelines to connecct those plants. We are sure of becoming one of the twenty best economies. 
"And we believe that there is no better prescription of Nigeria's economic solutions that are more this, he added. 
He said a lot of oil and gas needed to be filled at every stage of production, if the the energy values are going to be retained in Nigeria.
He said intention of PETAN is to support this government in order to improve oil and gas production greatly in the country. 
He said: PETAN wants to support this government. If we go to Indonesia the nation's oil and  stakeholders have relationships, that is what they are they are looking inwards to maximize returns from the resources they have





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