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 » We’ve improved local content in gas sector – Nipco

    We’ve improved local content in gas sector – Nipco

    November 18, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    NIPCO-Plc18 November 2016, Lagos – The Managing Director, Nipco Plc, Mr. Venkataraman Venkatapathy, has said the company has created opportunities for the enhancement and empowerment of local content in the industry through the diversification of the company’s operations into the natural gas space, with over 6,000 automobiles now running on gas.

    He said this in a paper presented on his behalf by the General Manager, Green Gas Limited, a joint venture of Nigeria Gas Company and Nipco, Mr. Rajesh Prabhu, during the Nigerian Gas Association’s 10th International Conference and Exhibition in Abuja.

    Venkatapathy said the Compressed Natural Gas revolution, which had offered alternatives for motorists to power their vehicles with gas, had exposed the local content to the latest technology in gas compression and conversion.

    He said the development of Nigerian content through plethora of projects tailored towards harnessing of human capital remained a central objective of the company in the hydrocarbon industry.

    Citing the example of the CNG projects, which had resulted in the inauguration of eight stations in Benin, Edo State, and Ibafo, Ogun State, along with four CNG workshops, the managing director said that “the efforts had provided veritable avenue for the local content to gravitate properly in this very technical aspect of converting vehicles to run on gas.”

    According to him, the company is able to utilise the local content through a consistent and pragmatic policy in the area of human capital development, which has seen the organisation surpassing standards set by the Nigerian Content Development Act 2010 in all its gas projects.

    Venkatapathy stated that the vehicle conversion project was being fully manned by Nigerians as against when the project took off years back.

    He also cited the empowerment provided for Nigerians through the production of gas air mixers for the vehicle conversion was being done by the Nigerians in Benin City.

    The MD said the company’s avowed commitment to growing indigenous participation in the CNG initiative revolved around improving indigenous ability in a pragmatic approach.

    According to him, Nipco has also encouraged technology transfer within its project scope, especially in the realm of the CNG operations with all its CNG stations fully manned and maintained by Nigerians.

    Venkatapathy said hundreds of Nigerians were directly employed with thousands indirectly empowered in its gas projects in all its areas of operations.

     

    • Punch

    Related News

    Africa’s untapped gas potential is a human tragedy – Derefaka

    Russia’s Novatek says Q2 gas output up 2.8% y/y

    LNG Canada’s start-up yet to lift gas prices amid supply glut

    E-book
    Resilience Exhibition

    Latest News

    Oil eases as Trump’s 50-day deadline for Russia reduces supply fears

    July 15, 2025

    Seplat Energy highlights the increasing role of indigenous companies

    July 15, 2025

    NCDMB unveils Nigerian Content Fund Certificate, empowers 130 firms with $400m NCI Fund

    July 15, 2025

    NIMASA docks Deep Blue Vessel at Nigerdock for repairs

    July 15, 2025

    Shippers’ Council, NCS strengthen ties to boost trade facilitation

    July 15, 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.