The Tide: PENGASSAN Outlines Challenges In Oil, Gas Sector

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has outlined some challenges facing the oil and gas sector of the nation’s economy.

In a statement by its National President, Comrade Francis Johnson on Friday, in Port Harcourt, said some of the challenges in the oil and gas sector include crude oil theft, subsidy payment controversies, pipeline vandalisation, persistent scarcity of petroleum products, non-functionality of the nation’s refineries, illegal transfer of oil blocks by privileged Nigerians. He said others are irregular joint venture (JV) funding and inadequate funding of government agencies in the oil and gas sector.

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