The Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday, declared that the Nigerian oil and gas industry performed better in 2020, attributing it to collaboration among various Federal Government agencies in the sector.

According to a statement by the Nigerian Content Development and Monitoring Board, NCDMB, Sylva, who was speaking in Bayelsa, at a review meeting with the Permanent Secretary, Directors and chief executives of agencies in the Ministry of Petroleum Resources, as stated that the successes recorded were because the various agencies were managed by competent chief executive officers. He also expressed optimism that more outstanding results would be recorded in the sector in 2021.

He listed some key achievements of the Nigeria petroleum industry to include the signing of the Final Investment Decision for Nigerian Liquefied Natural Gas, NLNG, Train 7 project, the commencement of the Ajaokuta-Kaduna-Kano, AKK, pipeline project, championed by the Nigerian National Petroleum Corporation, NNPC, and implementation of the deregulation of the downstream sector of the petroleum industry, among others.

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Source: SweetCrudeReports