{"id":45275,"date":"2020-12-06T20:41:28","date_gmt":"2020-12-06T19:41:28","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=45275"},"modified":"2020-12-06T20:41:28","modified_gmt":"2020-12-06T19:41:28","slug":"expert-urges-national-assembly-on-speedy-passage-of-pib","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/expert-urges-national-assembly-on-speedy-passage-of-pib\/","title":{"rendered":"Expert Urges National Assembly On Speedy Passage Of PIB"},"content":{"rendered":"<div class=\"yiv4611732685gmail_attr\" dir=\"ltr\"><\/div>\n<div>\n<ul class=\"hd_n M_0 X_0\" data-test-id=\"cards\">\n<li class=\"m_Z1lusya bn8_0\">\n<div class=\"U_fq7 em_N\" data-test-id=\"message-card\">\n<div class=\"D_F ab_C A_6EqO P_Z1Ve0sQ\" data-test-id=\"message-card-header\">\n<div class=\"W_6D6F\" data-test-id=\"sender-container\">\n<div class=\"H_6EWk\" data-test-id=\"website-link\">Olabode Adaramola<\/div>\n<\/div>\n<\/div>\n<div class=\"U_6MGW\">\n<div data-test-id=\"message-view-body\">\n<div class=\"msg-body P_wpofO iy_A\" data-test-id=\"message-view-body-content\">\n<div class=\"jb_0 X_6Fd5 N_6Fd5\">\n<div data-test-id=\"message-body\">\n<div id=\"yiv4611732685\">\n<div class=\"yiv4611732685gmail_quote\">\n<div>\n<div><\/div>\n<div><\/div>\n<div>A passionate appeal has been made to the National Assembly, Abuja\u00a0 to ensure speedy passage of the revamped Petroleum Industry Bill (PIB), with the view to\u00a0 usher in huge economic benefits for the country.<\/div>\n<div><\/div>\n<div>The call was\u00a0 made by a Senior Lecturer at the Department of Chemical Engineering,\u00a0 Federal University of Technology Minna, Dr. Abdulkadir Mukhtar,\u00a0 \u00a0in a paper he delivered at a PIB workshop organized for the House of Representatives in Dubai, United Arab Emirate( UAE) a copy of which was made available to the Nigerian Tribune at the weekend in Minna, Niger State capital.<\/div>\n<div><\/div>\n<div>The workshop which was sponsored by the Petroleum Technology Development Fund (PTDF) for House of Representatives Committee members on Petroleum Resources (Upstream) was said to have taken place recently at the Dubai Mall, Dubai, United Arab Emirates.<\/div>\n<div><\/div>\n<div>Dr. Murthar,\u00a0 who is the Head of Department, Chemical Engineering,\u00a0 FUT,Minna took the House of Representatives members through the rudiments of the Petroleum Industry Bill (PIB) as well as its benefits to the development of the sector and the country at large.<\/div>\n<div><\/div>\n<div>Presenting one of the papers titled: \u201cFundamentals of the Oil and Gas Value Chain\u201d, the don stated that government policies, society, technology and geopolitics were key factors that would determine the forces of demand and supply of energy in the country, pointing out\u00a0 that the oil and gas industry offers a powerful platform for job opportunities in any country.<\/div>\n<div><\/div>\n<div>He defined the upstream sector as a phase in the value chain where oil and gas were\u00a0 discovered, developed and produced so that it can be sold in the wholesale market.<\/div>\n<div><\/div>\n<div>According to the scholar, \u201cthe upstream sector is the most complex, technologically advanced sector. The upstream sector profit margins are impacted substantially by outside forces such as political instability, international conflicts and agreements on supply control by production countries,\u201d .<\/div>\n<div><\/div>\n<div>Dr. Mukhtar explained\u00a0 that the midstream sector focuses solely on transportation which was often characterized by shipping, trucking, pipelines and storing of the raw materials.<\/div>\n<div><\/div>\n<div>He said, &#8220;the midstream sector segment is also characterized by high regulation, particularly on pipeline transmission and low capital risk, while the downstream businesses are responsible for removing impurities and converting the feedback to products for the general public such as gasoline, kerosene, jet fuel, diesel, liquefied petroleum gases, heating oil, asphalt etc. suitable for final consumption,\u201d .<\/div>\n<div><\/div>\n<div>Other papers delivered by the don at the three-day strategic workshop was centred on the imperatives of the passage of the Petroleum Industry Bill (PIB): Legislative focus and support needed and factors required for oil and gas accumulation.<\/div>\n<div><\/div>\n<div>On the way forward for the passage of the PIB, the erudite scholar called for strong consensus around the PIB agenda and urged the National Assembly to ensure speedy passage of the PIB in a manner devoid of political undertones.<\/div>\n<div><\/div>\n<div>Meanwhile, Dr. Mukhtar,\u00a0 is\u00a0 a highly respected PTDF consultant with over 10 years of excellent performance in PTDF-sponsored research in the oil and gas industry, manpower development for staff of PTDF among others.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A passionate appeal has been made to the National Assembly, Abuja\u00a0 to ensure speedy passage of the revamped Petroleum Industry Bill (PIB), with the view to\u00a0 usher in huge economic benefits for the country.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":25243,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[7878],"coauthors":[2391],"class_list":["post-45275","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-revamped-petroleum-bill"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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