The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri has sought the unwavering support of the National Assembly (NASS) to sustain the administration’s drive towards industry excellence and national economic stability.
Senator Lokpobiri made the appeal during the visit of the Senate Committee on Petroleum Upstream to the Ministry on a familiarization tour of the Ministry’s operational processes, including budgetary implementation.
While highlighting how instrumental the full deregulation of the downstream sector has been in driving the sector’s transformation agenda, the Minister elaborated the policy’s shift, which has not only streamlined operations but also fostered a conducive environment for investment.
He acknowledged the Senate’s invaluable support to the Ministry, highlighting key milestones recorded since assumption of office, prominently, the ramping up of crude oil production from 1million barrel per day (mbpd) to 1.8mbpd, while maintaining the nation’s OPEC production quota.
Stating that these achievements and future aspirations hinge on the continued support of the National Assembly.
“During the visit of the Senate Committee on Petroleum Upstream to the Ministry of Petroleum Resources on a familiarization tour of our operational processes, including budgetary implementation, I provided insights into the significant progress achieved within the sector.
“While highlighting how instrumental the full deregulation of the downstream sector has been in driving our transformation agenda, I elaborated the policy’s shift, which has not only streamlined operations but also fostered a conducive environment for investment.
“I acknowledged the Senate’s invaluable support to the Ministry, highlighting key milestones recorded since our assumption of office -prominently, the ramping up of production from 1mbpd to 1.8mbpd while maintaining our OPEC production quota.
“Nonetheless, I underscored that these achievements and future aspirations hinge on the continued support of the National Assembly, which I earnestly sought to sustain our collective drive towards industry excellence and national economic stability,” the Minister wrote on his X handle on Monday.
