By Udeme AKPAN
WITH about 37 billion barrels of oil reserves and 192 trillion standard cubic feet of gas reserves, there is no doubt that Nigeria remains a major petroleum producing and exporting destination in the Gulf of Guinea. Investigations showed that a bulk of these endowments has not been developed for domestic application and export as a result of many factors, especially limited investment.
It is against this backdrop that the Federal Government’s planned Nigeria International Petroleum Summit, NIPS scheduled for Abuja from February 19 -23, 2018, becomes very relevant. Mr. James Shindi, the Project Director of the first edition of the Summit indicated in an interview that: ‘’As part of the on-going reforms in the sector and as a contribution to the Nigerian and African Oil and Gas Industry, the Federal Government took a formal position to…
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