Simbi Wabote: Regulations on local content will drive investment in energy sector | TheCable

  • 📰 thecableng
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Simbi Wabote, executive secretary, Nigerian Content Development Management Board (NCDMB), says the seven ministerial regulations will drive investment and growth in the oil and gas sector. Wabote said this on

July 4, 2022 6:13 PMseven ministerial regulations will drive investment and growth in the oil and gas sector.

He added that the ministerial regulations seek to provide a framework for monitoring the implementation of the prescribed minimum standards for training in the oil and gas industry and achieving definite outcomes regarding the skill, experience and exposure of personnel in the oil and gas industry. “The seven ministerial regulations are meant to strengthen the implementation of Nigerian content,” Wabote said.Victor Bandele, deputy managing director, Deep Water District, TotalEnergies EP Nigeria Limited, said the energy sector required the guidance of the government.“Government needs to shape how we progress. If we don’t get directions from the government, we’ll be groping in the dark. The ministerial guidelines are the things that we should keep in mind,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indigenous companies contribute 40% of Nigeria's oil reserves, says NUPRC | TheCableThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says local operators currently contribute 40 per cent and 32 per cent of oil and gas reserves, respectively. Oil reserves are estimates of Which reserve? Does Nigeria government think about tomorrow? Do Nigeria have oil reserves.
Source: thecableng - 🏆 2. / 80 Read more »