Women group urges FG to explore modular refineries to boost petrol refining capacity

The Women in Energy Network (WIEN) has urged the federal government to explore the encouragement of modular refineries as a means of boosting local refining capacity of petrol.

The association in its position on the downstream oil sector which was addressed to the chairman, Senate Joint Committee on Petroleum Resources also stated that government should pursue a deliberate policy of encouraging women participation in local refining by mandating 20-30% women participation in the shareholding structure of modular refineries

The position which was signed by its president, Mrs Funmi Ogbue, said it is worrisome that despite Nigeria’s significant oil wealth, the country imports around 90% of the refined Premium Motor Spirit (PMS), saying it does not have refineries capacity.

The paper reads in part, “It is extremely rare for major oil producers to import PMS in such quantities. Nigeria is one of OPEC members besides the Republic of Congo and Equatorial Guinea that still imports petroleum products at all.

“WIEN joins other industry stakeholders to advocate for an open, transparent, and free market environment with clear rules and regulations guiding competition, consumer protection, health, safety, quality, and the protection of the environment.

The position paper stated that there is an urgent need for necessary changes to existing laws and legislation in the oil and gas sector.

read more here: https://www.blueprint.ng/women-group-tasks-fg-on-modular-refineries-others/

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