• Thursday, March 28, 2024
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BusinessDay

PENGASSAN tells FG to adopt NLNG model to revive ailing refineries

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The Petroleum and Natural Gas Senior Staff Aassociation of Nigeria (PENGASSAN) has urged the Federal Government to adopt the NLNG model to revive Nigeria’ four ailing refineries.

President of PENGASSAN, Ndukaku Ohaeri, made the call while speaking on developments in the oil and gas industry.
According to him, the success story of the NLNG need to be replicated with the other  government owned assets such as the refineries.
The NLNG backed by the NLNG Act, is owned by four shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%); Shell (25.6%); Total Gaz Electricite Holdings France​ (15%) and Eni (10.4%).
More details coming…