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Nigerian oil industry problems 'far from over'

13 March 2016, 18:07

Abuja – Nigerian oil workers have demanded an all-inclusive stakeholder's meeting that would discuss problems facing the oil and gas industry, Premium Times reports.

This comes after the workers suspended a nationwide strike on Thursday after a meeting with the minister of petroleum resources, Ibe Kachikwu.

The unions had embarked on a strike following the misinterpretation of the unbundling of the Nigerian National Petroleum Corporation (NNPC).

The president of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Francis Johnson said it was essential that all interested parties in the industry come together so that the problems could be ironed out.

The problems, according to Johnson, included crude oil theft, pipeline vandalism, backlog of joint venture cash calls, poor state of refineries, corruption in the importation of petroleum products and subsidy payment to marketers, and abuse of Nigerian Content policy.

"What we (oil workers) want is an all-inclusive stakeholders meeting, so that Nigerians will hear the position of the Nigeria Labour Congress, NLC; PENGASSAN; National Union of Petroleum and Natural Gas Workers, NUPENG, civil society, government and all other interest groups, so that we all know that whatever we are doing is in the open and transparent in the interest of Nigerians," Johnson was quoted as saying.

- News24 Nigeria


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