Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Academy to partner with NEITI on metering in oil industry

    Academy to partner with NEITI on metering in oil industry

    July 6, 2013
    Share
    Facebook Twitter LinkedIn WhatsApp

    NEITI logo06 July 2013, Abuja – The Nigeria Academy of Science said on Thursday in Abuja that it would partner with the Nigeria Extractive Industries Transparency Initiative, NEITI, to find ways of measuring crude oil in the country.

    A statement by NEITI’s Director of Communications, Orji Ogbonnaya Orji, said the academy would do this through evidence-based research on introduction of metering infrastructure in the oil and gas industry.

    The statement quoted the academy’s President, Prof. Oyewale Tomori, as saying this when he led a team on a visit to the NEITI Executive Secretary, Mrs Zainab Ahmed.

    “The decision to collaborate with NEITI is as a result of exceptional demonstration of courage, integrity, knowledge and professionalism by the agency which has earned it international recognition.

    “NEITI’s persistent concern through its audit report that there is no reliable scientific mechanism to measure the quantity of crude produced in Nigeria is a national issue that requires our intervention.

    “We are proud over the recent award to Nigeria, through NEITI’s work, as the best extractive industries transparency-implementing country out of 50 at the global conference in Sydney, Australia.

    “The academy is a reservoir of knowledge whose support to NEITI could be of tremendous value.

    “The introduction of a metering infrastructure in the oil and gas industry is NEITI’s position in its audit reports which requires knowledge and technology based on research to implement.

    “A situation where Nigeria continues to rely on figures by companies who are in business for information to determine quantity of crude produced is inappropriate and unacceptable.

    “NEITI’s position has always remained that adequate metering technology should be introduced to measure accurately the quantity of crude that Nigeria produces.’’

    It added that until then, the country will continue to lose huge revenue through manipulations by companies operating in the industry.
    *NAN)

    Related News

    Kenya central bank lowers 2026 growth forecast to 5.4%

    FG to train 100,000 youths annually in forex trading

    Cross River targets revenue, investment boost with nine new laws

    E-book
    Resilience Exhibition

    Latest News

    Developers to add 18.7 GW of natural gas-fired capacity by 2028, EIA says

    June 12, 2025

    US crude stocks fall, gasoline and distillate inventories rise as refining activity increases, EIA says

    June 12, 2025

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    June 11, 2025

    Kenya central bank lowers 2026 growth forecast to 5.4%

    June 11, 2025

    Nigeria partners Brazil to develop methanol complex 

    June 11, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.