Sentences with phrase «downstream oil sector»

In my opinion, an opportunity for substantive policy reforms may have been lost - we refused to deregulate the downstream oil sector; we have not made new investments in our upstream more attractive to investors; we have not made any privatisations since 2015; NNPC remains opaque and indeed is now worse with evidently poor governance and low transparency!

According to him, the development is being shielded by a «mafia» who have the full detail about the operation of illegal companies in the downstream oil sector but are reluctant to act due to their personal interests.

Not exact matches

Fourth - quarter profits in Exxon's downstream sector, which is focused on refining crude oil into fuels like gasoline, also rose $ 323 million from a year earlier.

Forte Oil did not give a reason for the change in direction but said the downstream sector in Nigeria had gone through changes in recent years and was expected to evolve further.

'' The innovations that we have developed and started implementing in the downstream, upstream, policy generation and Niger Delta security have enabled the sector to aggressively pursue out of the box ideas of rejuvenating this sector, getting the best yield and increasing our earnings from Oil and Gas.

On May 20, 2015, nine days BEFORE the government was inaugurated, I laid out «Policy Prescriptions» - diversification of production, government revenue, and exports; imperative of a strong and credible economic team and cabinet; targeting «opportunity sectors» (solid minerals, refining and petrochemicals, a new and realistic fiscal regime for upstream oil and gas, private sector investments in power and infrastructure, agro-processing, retail and construction); freeing «up resources from downstream petroleum sector deregulation» emphasizing «an economic reality in which hard decisions including some previously rebuffed by the opposition will have to be taken» a clear reference to the petrol subsidy which government waited a full year before countenancing the critical decision!

In «Nigerian Economy in 2016: Withdrawal Symptoms» (January 27, 2016), I compared Nigeria to an addict finding it difficult to wean itself of the drug of oil and warned that «in 2016 we will be forced to begin reconciling ourselves to the real exchange rate of the Naira» and «it is wise to formally and publicly end the subsidy regime and bring certainty and investments into the downstream petroleum sector.»

Speaking on the positive development in the oil industry, the NUPENG chairman said both the upstream and downstream sectors of the industry had witnessed growth under the present administration.

The decision by the Bulk Oil Storage and Transport Company Limited (BOST) to compete with the private sector in the downstream petroleum products distribution sector has resulted in huge losses for the state - owned company.

This crude oil connection between the Alaskan Arctic and California refineries can also be illuminated with a timeline of recent events regarding current and future upstream extraction, downstream refinery expansion efforts, and the climate politics and policies affecting the downstream refinery sector in California.

RHTLaw Taylor Wessing's experienced, interdisciplinary Energy Practice advises clients in Singapore and ASEAN in the legal and business issues arising at each part of the energy market spectrum, including energy generation and distribution, and in various parts of the energy sector including upstream and downstream oil and gas, wholesale and retail markets, renewables, solar and green energy.

This masks a healthy conventional oil and gas sector that has demands for offshore and onshore upstream workers, such as geoscientists and reservoir engineers, as well as downstream sales and marketing professionals.

While at BAML he worked with clients on buy - side, sell - side and capital raise transactions across a variety of oil and gas sectors, including upstream, midstream, downstream and oilfield services.