NASS will pass PIB by June NNPC
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we have embarked on one of the most aggressive gas reforms and implementation1 by yetunde bada1 the group managing director of the nnpc dr maikanti baru said this at the 2018 oloibiri lecture series and energy forum organised by the society of petroleum engineers in abuja on thursday1 baru who was represented by the nnpc chief operating officer upstream dr rabiu bello said the bills must be looked into in order to attract the needed n25 billion year-on-year investments to the industry1 in the area of policy the popular omnibus single petroleum industry bill has been broken into three parts for quick review and passage by the national assembly1 as you aware the first part of the bill the petroleum industry governance bill was passed by the house recently1 when the other sections of the bill are finally passed it will unlock more than10 billion dollars of investment held up due to uncertainty1 the promise we got last week from the national assembly was that before the end of the second quarter of this year which we see as june 30 they promise the three other bills will also be concluded and passed1 so hopefully 2018 will see the end of all the discussions around the pib which started in year 2000 baru said1 baru noted that its planned revamp of four of its refineries in kaduna warri and port harcourt would include an upgrade of their collective refining capacities from their present 445000 barrels per day bpd to one million barrels per day mbd1 it said once the 650000 bpd dangote refinery in lagos come on-stream nigeria would become a net exporter of refined petroleum products1 baru said the federal government had completed more than 500 km gas pipelines in eight years1 the nigerian national petroleum corporation nnpc says the national assembly has assured that the petroleum industry bill pib will be passed by june1 accelerated implementation of gas pipeline infrastructure development with specific focus on critical pipeline infrastructure to power plants being put in place1 between 2010 and today almost 500 km of pipelines have been completed commissioned and now delivering gas he said1 he listed some of the completed pipelines to include the oben-geregu 196km escravos-warri-oben 110km emuren-itoki 50km itoki-olorunshogo 31km imo river-alaoji 24km and ukanafun-calabar 128km1 in addition there is ongoing construction of the very strategic east-west ob3 pipeline 127km scheduled for completion by q3 20181 the expansion of the escravos-lagos gas pipeline system is scheduled for completion by q1 20181 most recently the federal executive council fec approved the contract award of the 40-inch by 614 km ajaokuta-kaduna-kano pipeline and associated facilities1 this pipeline is expected to supply natural gas to power plants and industries in the northern part of the country1 once completed the nationwide backbone gas infrastructure will be in place1 with the effort in infrastructure development we would have expanded supply capacity establishing an integrated gas pipeline infrastructure grid across the entire country he said1 the lecture had the theme the nigerian oil industry in a world of changing energy supply are we prepared1 it had panelists from across the sector charting the way forward on gas and renewable energy as oil would soon be phased out with the introduction of electric cars in industrialised countries. nan1