The Department of Petroleum Resources (DPR) has disclosed that it has identified four cardinal areas in which if improved upon would ensure vibrant and effective downstream operations in the oil and gas sector.
It explained that the need to enable business and create opportunities in the oil and gas sector necessitated the outlined four cardinal focus for downstream operations.
DPR’s Director, Sarki Auwalu, listed the four focus areas to include quality for product assurance and customer satisfaction; quantity for transparency, value for money and consumer protection; safety for personnel and assets and public safety as well as Integrity for investment protection and business continuity.
Auwalu made this known on Thursday during a visit of members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) to DPR in Lagos on Wednesday, according to a statement by the agency’s Head, Public Affairs, Paul Osu.
He said that DPR would continue to partner with DAPPMAN to achieve national aspirations for the downstream sector by ensuring price freedom, optimum petroleum products distribution network, petroleum products supply sufficiency, and curbing of petroleum products cross-border leakages.
The Director who enjoined DAPPMAN executives to avail themselves of these opportunities and partner with DPR to enable value creation for investors and government said that a new world of alternative fuels and investment opportunities had been created with the ministerial declaration of 2020 as the” Year -of – Gas”.
“DPR has developed a Gas Business Incentives and Support Programme (GBISP) to drive gas expansion and penetration. This includes key strategic initiatives such as the implementation of the gas network code programme to encourage gas base industries (GBI’s) and support for duty waivers consideration for equipment, tools, and materials for downstream gas facilities.
“It also includes streamlining registration for Liquefied Petroleum Gas resellers and the ongoing gas commercialization programme being put in place to achieve the GBISP.
In her remarks, the Chairman of DAPPMAN, Winifred Akpani, commended the DPR for its robust regulatory initiatives and engagements with stakeholders in the oil and gas sector which he said had created the enabling environment for their businesses.
She said that DAPPMAN would continue to provide support for government policies especially in its drive for price freedom in the downstream sector.