Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote (middle) flanked by Managing Director of Midstream Company Limited, Dr. Akintoye Akindele; Dr. Olatutu Sholeye, a member of the Board of Directors at NCDMB, and others on inspection at the Duport Modular Refinery
NCDMB takes capacity building to midstream with a summit
Sopuruchi Onwuka
THE Nigerian Content Development and Monitoring Board (NCDMB) has declared intention to open opportunity platforms that would expose the rising potentials for commercial investments in oil and gas processing.
Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, said the workshop would seek to articulate an agenda for actualizing the full potentials and maximizing the expected benefits from ongoing Midstream and Downstream investments for the national economy.
Scheduled to attend the event include the Minister of State for Petroleum Resources, Chief Timipre Sylva; the Group Managing Director of the Nigerian National Petroleum Company, Mallam Mele Kyari; Chairman of Dangote Group, Alhaji Aliko Dangote; Executive Chairman AA Holdings, Austin Avuru; and Chairman of BUA Group, Alhaji Abdulsamad Rabiu.
The Oracle Today reports that the Nigerian domestic petroleum market is dominated with imported finished and semi finished products; including fuels, lubricants, gels, sundry fluids, chemicals and additives.
The local market relies on imports because of absence or very low processing capacity required to churn out the wide range of products produced from refineries and gas processing facilities.
In rising to the challenge to capacity development in the midstream segment of the industry, the NCDMB said it would begin with hosting the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit this may.
Theme of the summit is “Maximizing Potentials in the Midstream and Downstream Oil and Gas Sector – A Local Content Perspective.”
The Summit which is scheduled to hold at the Lagos Continental Hotel, Victoria Island, Lagos will be hosted physically and virtually to accommodate wide range of participants from every corner of the world.
Engr Wabote pointed at rising investments in Midstream and Downstream plant development in the last six years.
He said NLNG Train 7 Project, the AKK Gas pipeline, the Dangote refinery, and others have received support cooperation of government in driving faster. He added that the NCDMB has also made huge investments in modular refineries, LPG Storage and Bottling Plants and Depots, amongst other interventions.
He noted that what is currently required is a coherent strategy to maximize the Local Content potentials of the Midstream and Downstream investments.
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