The Federal Government would engage with oil-producing communities in the Niger Delta over the three per cent equity allocated to them in the recently passed Petroleum Industry Bill (PIB).
Minister of State, Petroleum Resources, Chief Timipre Sylva, gave the indication in Abuja, yesterday, when a group of Ijaw elders, leaders and critical stakeholders visited him to congratulate him on the passage of the PIB after 20 years.
“Today, I can tell you authoritatively that we are on the last mile of the oil economy. Economies around the world are now discussing renewable fuel. “We must support every effort to ensure that the oil we have today is produced and sold so that we can get the benefits. Earlier, the 33-member delegation led by Chief Timi Kay Ogoriba commended the minister for the unprecedented reforms in the petroleum industry, especially the radical expansion of the gas sector.
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