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…Hydrocarbon found in two reservoirs OpeOluwani Akintayo 01 February 2018, Sweetcrude, Lagos – Conoil Producing, owned by business mogul Chief Mike…

“We have seen the draft regulation and there is quite a bit of it that we are not happy with. We have recently provided feedback to the regulator and I believe that there is a consultation forum coming up soon. We will continue to strongly convey our concerns to the regulator.”

The GMD described pipelines as arteries of the nation’s Oil and Gas Industry, adding that part of the reform process embarked upon by the corporation under his watch was to birth an NPSC that has a clear focus which sees pipeline storage and distribution as real business.

He said that the kingpin in the illegal mining in Plateau State, one Dan China from Bauchi State had been arrested and that the illegal mining was more on gold and the sapphire, adding that the Federal Government has created a new settlement for the artisans in the illegal business.

The new test station would further assist the agency in carrying out this function effectively, especially with the recently proposed third party metering draft by the Nigerian Electricity Regualatory Commission (NERC).

He said budget padding, or insertion of unauthorised items in the 2018 budget, could not arise because MDA’s directly uploaded their budgets on the Government Integrated Financial Management Information System (GIFMIS).