FUTMINNA DON URGES SPEEDY PASSAGE OF PIB @ DUBAI WORKSHOP

Dr. Abdulkadir Mukhtar of the Department of Chemical Engineering, Federal University of Technology, Minna, has urged the National Assembly to ensure speedy passage of the revamped Petroleum Industry Bill (PIB), noting that it would usher in huge economic benefits for the country.
He made this call in a paper delivered at a PIB workshop organized for the House of Representatives in Dubai, UAE.
The workshop which was sponsored by the Petroleum Technology Development Fund (PTDF) for House of Representatives Committee members on Petroleum Resources (Upstream) took place recently at the Dubai Mall, Dubai, United Arab Emirates.
Dr. Murthar took the House of Representatives members through the rudiments of the Petroleum Industry Bill (PIB) as well as its benefits to the development of the sector and the country at large.
Presenting one of the papers titled: “Fundamentals of the Oil and Gas Value Chain”, the don stated that government policies, society, technology and geopolitics are key factors that would determine the forces of demand and supply of energy in the country, adding that the oil and gas industry offers a powerful platform for job opportunities in any country.
He defined the upstream sector as a phase in the value chain where oil and gas are discovered, developed and produced so that it can be sold in the wholesale market.
According to the scholar, “the upstream sector is the most complex, technologically advanced sector. The upstream sector profit margins are impacted substantially by outside forces such as political instability, international conflicts and agreements on supply control by production countries,” he enthused.
Imperative to note, Dr. Mukhtar also stated that the midstream sector focuses solely on transportation which is often characterized by shipping, trucking, pipelines and storing of the raw materials.
“The midstream sector segment is also characterized by high regulation, particularly on pipeline transmission and low capital risk.
“The downstream businesses are responsible for removing impurities and converting the feedback to products for the general public such as gasoline, kerosene, jet fuel, diesel, liquefied petroleum gases, heating oil, asphalt etc. suitable for final consumption,” he disclosed.
Other papers delivered by the don at the three-day strategic workshop was centred on the imperatives of the passage of the Petroleum Industry Bill (PIB): Legislative focus and support needed and factors required for oil and gas accumulation.
On the way forward for the passage of the PIB, the erudite scholar called for strong consensus around the PIB agenda and urged the National Assembly to ensure speedy passage of the PIB in a manner devoid of political undertones.
Dr. Mukhtar is a highly respected PTDF consultant with over 10 years of excellent performance in PTDF-sponsored research in the oil and gas industry, manpower development for staff of PTDF among others.
He is the Head of Department, Chemical Engineering of the institution.

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