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The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
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By Emmanuel Addeh and Udora Orizu in Abuja
The Minister of State for Petroleum Resources, Mr. Timipre Sylva and the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday advocated the inclusion of gas terms in the Production Sharing Contracts (PSCs).
They called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
Kyari and Sylva spoke at a one-day public hearing on ‘Inclusion of Gas Terms in Production Sharing Contracts (PSCs) by the Nigerian National Petroleum Corporation (NNPC)’, organised by the House of Representatives’ Joint Committee on Gas Resources, Petroleum Resources (Upstream) and (Downstream).