Senate to probe challenges in downstream petroleum sector

…Vows to Address Industry Bottlenecks

By Henry Umoru, Abuja

The Senate has resolved to behaviour a broad investigative proceeding into the challenges facing Nigeria’s downstream petroleum sector, with a committedness to uncovering lasting solutions.

This determination follows increasing concerns implicit the operations of backstage and government-owned refineries, autarkic marketers, and ongoing disputes involving cardinal labour unions — the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG).

In a connection issued yesterday successful Abuja, the Chairman of the Senate Committee connected Petroleum (Downstream), Senator Kawu Sumaila (APC, Kano South), said the probe has go indispensable to code issues of crude lipid proviso obligations, regulatory overlaps, labour rights disputes, transparency, and competitiveness wrong the sector.

According to him, the Committee is committed to providing a fair, transparent, and inclusive level for each stakeholders — including backstage refinery operators, authorities refineries, labour unions, regulators, civilian nine organisations, and different funny parties — to contiguous their views and marque submissions.

“The result of this investigative proceeding volition usher the Senate successful reshaping the roles of regulatory agencies successful resolving concern disputes, addressing concerns of autarkic marketers, and tackling systemic bottlenecks successful the downstream sector,” Sumaila stated.

He added that the process volition besides assistance fortify legislative oversight, safeguard workers’ rights, beforehand concern harmony, and heighten Nigeria’s vigor security, transparency, and competitiveness.

The station Senate to probe challenges successful downstream petroleum sector appeared archetypal connected Vanguard News.