Department of Petroleum Resources, DPR, the regulator of oil and gas operations in Nigeria, has instituted the monitoring of trucks bearing crude or refined petroleum products, with a view to checking products adulteration, diversion and other unethical practices.

The European Union (EU) recent decision to enact a law that will make oil, gas, mining and logging firms declare payments to governments, as part of efforts to end poverty in resource-rich nations is good for our country. The EU law mandates companies to report payments at project as well as country level, beginning at a threshold of 100,000 Euros ($130,600).

The Federal Government should formulate policies to galvanize the renewable energy sector of the economy and save Nigerians from the effect of the over N100 billion investment on generators by individuals and organizations in the country, said Mr. Bode Adefolu, Chief Executive Officer, Folub Eletrik Servz a power and renewable energy company.

A former Chief Economic Adviser and Petroleum Minister, Mr. Philip Asiodu, has called on the Federal Government to immediately commence the re-negotiation of fiscal provisions in deep offshore Production Sharing Contracts, PSC, while the Petroleum Industry Bill, PIB, is been awaited.

Addax Petroleum Development (Nigeria) Limited has restated its commitment to the promotion of the local content initiative of the Federal Government.