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Resolving Litigations in Oil Industry

The introduction of Alternative Dispute Resolution mechanism into the Nigeria oil and gas industry will held address conflicts amongst industry players, writes Peter Uzoho
Last Thursday, the Department of Petroleum Resources (DPR) in collaboration with stakeholders across the upstream, midstream and downstream value chains of the Nigeria oil and gas industry formerly activated the Alternative Dispute Resolution Centre (ADRC) in Lagos.
The ADRC is one of the five flagship centres of the Nigeria Oil and Gas Excellence Centre (NOGEC) flagged off in January by President Muhammadu Buhari.
ADRC is a veritable settlement platform in which oil and gas players in Nigeria can voluntarily approach to resolve their disputes in a more amicable, cost efficient and time saving manner, instead of going to courts. ....

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Subsidy rises to N500bn, NNPC rules out fuel price hike

Subsidy rises to N500bn, NNPC rules out fuel price hike
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How petrol smuggling puts pressure on NNPC to meet '72.72m litres' demand

How petrol smuggling puts pressure on NNPC to meet '72.72m litres' demand
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NNPC, marketers meet over petrol smuggling, others

NNPC, marketers meet over petrol smuggling, others
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Buhari's govt struggles with oil industry promises 5 years after

These promises were collated from the APC policy document and manifesto, Buhari’s 100 days covenant, speeches at campaign rallies and town hall meetings nationwide in a runoff to the 2015 election.
Addressing the challenges formed the bedrock of a road map for the industry called the “7 Big Wins” which was launched by the president in October 2016.
The campaigns then were based on the ‘Change’ mantra. However, even on the ‘Next Level’ agenda which is already more than one year, the administration is still grappling to fulfill these promises.
The 7 Big Wins are Policy & Regulation, Business Environment & Investment Drive, Gas Revolution, Refineries and Local Production Capacity, Niger Delta & Security, Transparency & Efficiency, and Stakeholder Management and International Coordination. ....

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