Professor Emeritus of Petroleum Economics, Policy and Strategic Studies
This session will be a deep dive into the Petroleum Industry Act (PIA), with a focus on identifying and discussing areas that need amendment to strengthen the NMDPRA and the downstream sector. The panel will address the ongoing tension between continued fuel importation and the protection of local refiners. The discussion will also explore legislative solutions to union complaints regarding potential monopolies in marketing and distribution, ensuring that the PIA fulfills its promise of creating a competitive and transparent market.
Examining the transformative impact of the Petroleum Industry Act on Nigeria's oil and gas landscape. Discussion focuses on successful regulatory transitions, improved investment frameworks, and measurable outcomes in upstream, midstream, and downstream operations since implementation and how these can apply across the West African block.
