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Diezani: Deepening Local Content Gains and Pushing For the Passage Of PIB - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Diezani: Deepening Local Content Gains and Pushing For the Passage Of PIB (870 Views)

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Diezani: Deepening Local Content Gains and Pushing For the Passage Of PIB by 5columnist: 11:32pm On Jan 18, 2012
National Assembly are looking forward to advancing the efforts of the Petroleum Minister to push for the passage of the Petroleum Industry Bill against all odds.  International Oil firms have expressed reservation about the passage of the bill just as they were wary about the passage of the local content law.  The Petroleum Minister told journalist recently that “over 50 years' experience in the oil and gas industry continues to reveal the complex dynamics of balancing global energy security, domestic economic growth, climate, and environmental considerations," One of those considerations to grow the Nigeria economy can only be achieved in the sector if more local participants are encouraged to go into the sector.  "We expect in a few short weeks it will be promulgated into law," Alison-Madueke said of the bill while she met briefly with reporters after giving a keynote speech at a conference about emerging carbon management policies.
Regarding oil and gas reforms in Nigeria, Alison-Madueke said the government is getting closer to outlawing flaring natural gas , although she listed no specific time for when a complete ban is expected to be implemented but she gave an insight into what is known as “The Gas Plan” where a radical shift will be made from consumption of fuel to alternative cleaner energy sources.
She said that with the subsidy removed partially, that initiatives are already in place to bring LPG and CNG to the fore beyond PMS consumption. "We are transitioning from gas flaring to gas utilization," she said, citing the Agip Okpai combined-cycle power plant as an example. The associated gas often is considered to be a waste product of oil production rather than an economic resource. That will change.
In 2002, the World Bank started a public-private partnership initiative called Global Gas Flaring Reduction of which Nigeria is a member. The National Oceanic and Atmosphere Administration estimated that during 1994-2008, the total amount of gas flared worldwide corresponded to 70% of total US greenhouse gas emissions during 2007. In a Baker Institute study entitled "Gas Flaring and Venting: Extent, Impacts, and Remedies," three researchers said flared gas volumes in Nigeria have decreased somewhat although most of that decrease is likely due to decreased oil production caused by civil unrest. "Both regulatory enforcements and financial incentives are proving insufficient in Nigeria," said the flaring study. "Several gas utilization projects are under way; however, the completed projects have not been as successful in reducing gas flaring volumes as claimed. In Nigeria, less complicated and lower cost technologies, such as LPG and gas-to-power, could be put in place to utilize associated gas locally". 
Most of the oil fields involved with gas flaring are close to poor communities that desperately need energy sources.






Carbon-neutral plans
Alison-Madueke said the Nigerian government has a goal of making Nigeria carbon-neutral by 2025. Nigeria, which signed the Kyoto Protocol, recently developed a draft policy to address climate change. The Minister and her team are working aggressively to promote a growing gross domestic product, and Nigeria aspires to become one of the world's top 20 economies by 2020 if our economy is given the much need boost through capital projects that will dot the [Is] and cross the [Ts]. "The energy consumption that will be associated with such growth cannot be overemphasized," Alison-Madueke said. "To achieve and sustain the GDP growth aspiration, we are on course to grow our crude oil reserves to and maintain it at about 40 billion bbl through 2020." She called for a "more effective linkage" between the industry and government to help drive Nigeria's GDP through increased local content and participation.
Currently, Nigeria estimates it has 37 billion bbl of oil reserves and a production capacity of 3 million b/d, she said. The nation has proved gas reserves of 187 tcf and another estimated 600 tcf of undiscovered gas potential, she said."Experts are of the opinion that with the estimated undiscovered potential, Nigeria could easily be within the world's top three in gas reserves," she said
Re: Diezani: Deepening Local Content Gains and Pushing For the Passage Of PIB by courage89(m): 12:54am On Jan 19, 2012
I guess you’re one of those benefitting from the status quo. Well, I have news for you, game over. There is no reason why Nigerians need to continue to reward corruption, nepotism, wasteful spending and mediocrity. So, the time to remove her is now.

I have not seen any work or miracle performed by the minister, so why should we retain her. All the local content, PIB, bond to fund fuel scarcity and other initiatives witnessed in the oil and gas industry in the past three years has never been her idea. She just happened to be around to implement them. To implement these initiatives, she still fails woefully. She’s the reason why we’re in this predicament called fuel subsidy scandal in the first place. Why we have massive corruption surrounding oil blocks allocation, crude oil exportation, and others. Non passage of Petroleum Industry Bill and poor implementation of local content initiative. Inefficient and excessive allocation of resources for the utilization and operation of our refineries. How can one fail an open book exam, when you have all the time in the world?

In terms of implementing these initiatives and manning petroleum industry affairs efficiently, we have other credible Nigerians that can do that. Almost every Dick and Harry in the Oil and Gas are aware of the content and objectives of the local content initiatives and PIB. Given the opportunity, it will not take them that long to achieve expected result. We should not, under any condition be clouded by the reasoning that Only Mrs. Madueke is fit to achieve the result of deregulation, PIB and take the energy industry to the promise land. Whatever work she has done in that industry, someone else can continue.

The time to remove her is now before she causes other havocs.

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