28 Jun 2017

PENGASSAN: Nigerian Govt Cautioned Against Sale Of Refineries



The Federal Government has been warned by The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) against the full concession or plans to privatise the nation’s refineries.
                 
There have been speculations that the focal government plans to offer or privatize a couple of refineries in the country, especially the Port Harcourt and Warri refineries.

In any case, the Group Executive Chairman, NNPC Branch of PENGASSAN, Mr. Abdullahi Sale, while chatting on Tuesday, not long after a voyage through the Port Harcourt Refinery, said it would not be ideal for any governing body to hand over its essentialness for privatization.

He pointed out that organization could hold 20 for every penny esteem, including that such movement must be dynamic.

Arrangement moreover requested that like security, the imperativeness territory should not be totally privatized.

According to him, “We are not averse to concessioning or privatisation of the refineries; however, what we are saying is that no nation would like to toy with its issue of energy.
“Our position is that we don’t want a situation where 100 per cent of our energy sector is given to private hands. We want to maintain some level of security. Because energy is security, just like we cannot hand over our security 100 per cent to private hands, we also should not totally privatise our energy.
“We are not supporting the sale of the refineries in totality, however, the PIGB being passed in the Senate has provided room for 20 per cent of government equity to be in the hands of the BPE. That means that eventually 20 per cent would go off.”

He also added that, “Our national demand on a daily basis is within the range of 40 million litres, which modular refineries cannot provide. However, it will be able to provide us some level of sufficiency, but not up to what we desire.
“Modular refineries are quick ways to get products available to Nigerians, but in the real sense, they are not the final solutions because they are not going to take us to where we want to be.”

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