Energy  

DPR vows to halt sharp practices in fuel marketing

PHOTO: GOOGLE.COM/SEARCH

PHOTO: GOOGLE.COM/SEARCH

New book on property rights in petroleum reservoirs debuts
The Department of Petroleum Resources (DPR) has expressed its commitment to ensure a hitch-free distribution of petroleum products across the country.

The Head, Public Affairs Unit, DPR, Dorothy Bassey, made this commitment during the launch of a book titled Protection of Property Rights in Discovered Petroleum Reservoir written by Joseph Olorunse in Lagos.

Bassey was highly elated that the book would proffer solution to some problems in the upstream sector.She also urged stakeholders to provide useful information to reveal illegal practices noticed from any fuel marketer, adding that deregulation of the sector did not allow for sharp practices.

Olorunse, in his new oil and gas law and policy book identified the best standards and guidelines of the selected countries, and gives lawmakers, practitioners, and oil and gas executives a way to reconcile the interests of both the licensees and the State, to restore confidence and stimulate investments, and to enhance the security of a licensee’s title.

Director at the Nigerian Institute of Advanced Legal Studies, Abuja, and the book reviewer, Prof. Yinka Omorogbe, said the book made an attempt to find solutions to legal issues in oil and gas sector.

She said: “The book fills the needed gap and is a very important contribution to the growing of the petroleum industry in Nigeria. The author critically studied and analysed the legal regime relating to rule of capture and property rise in Nigeria, Canada and Australia,”

President, Professor of Energy Planning and Management and the Chairman of the occasion, Prof. Anthony Adegbulugbe, recommended the book for students in the university and operators in oil and gas sector.

The Legal Adviser to DPR and the author of the book, Dr Joseph Olorunse, said that he wrote the book as a result of practical problems that arose during his work in DPR.Director, Upstream Operation of DPR, Mr Emmanuel Bekee, commended the author for writing the book.

Bekee said that the book was essential in the growth of petroleum and very useful to all and sundry.



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