Wednesday, September 27, 2023
Home OIL & GAS NOGIC Act will galvanize Nigeria’s oil, gas sector- Ahmed

NOGIC Act will galvanize Nigeria’s oil, gas sector- Ahmed

The Chief Executive Officer, NLNG Ship Management Limited (NSML), Abdulkadir Ahmed has said that the Nigeria Oil and Gas Industry Content Development Act would  help Nigeria oil and gas companies to build capacity and domesticate some of its engineering infrastructure if well implemented..

The Seven Nigerian Content Ministerial Regulations was officially gazetted by the Federal Government in April 2021 to grow indigenous capacity of the Nigerian oil and gas industry.

Wabote and insurance Commissioner, Sunday Thomas

Ahmed who was speaking as one of the panelists at the ongoing 2022 Nigeria Oil and Gas (NOG) Conference in Abuja, on Monday, with focus on the implementation of the NOGIC Act compliance and economic regulation, said some sessions of the Act that ambiguous to the industry should be looked into in order for it (the Act) to achieve desire results.

This year conference is with the theme funding the Nigerian Energy mix for sustainable economic growth.

Earlier, the Nigeria Content Development and Monitoring Board (NCDMB), Executive Secretary (NCDMB), Simbi Kasie Wabote, and the National Commissioner for Insurance, Sunday Thomas had made public presentation and showcase of insurance guidelines to the industry players and exchange of document between the the two parties.


Dangote refinery completed at $18.5bn from $9bn in 2013

Dangote said that the country’s coastal location and offshore loading and offloading (SPM) facilities with a capacity to receive all its crude oil supplies and evacuate up to 75 per cent of  liquid products which offers the facility direct access to the rest of Africa and the global market for exports.

Fuel subsidy: Over 7,000 vehicles now running on gas in Nigeria-NIPCO

Verma who was speaking in Lagos on Thursday, said the major oil company now has  four AutoCNG conversion workshops in Edo, Ogun state and Abuja FCT to convert Premium Motor Spirit (PMS) vehicles on AutoCNG.

NNPC, GNPC seal oil deal

The Group Chief Executive of NNPCL Limited, Mallam Mele Kyari, has said that the company and the Gambian National Petroleum Company (GNPC)...


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