The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reiterated the Association’s call on the Government to increase local refining capacity and remove all observed encumbrances to the full rehabilitation of the three other refineries as a way to end the current debate on deregulation and fluctuating cost of petroleum products in the Country, IgbereTV reports.
Festus Osifo also advocated for the revocation of unused licenses for private and modular refineries.
“We reiterate our call for the immediate revoke of un-utilized the licenses issued to non-practicing companies and individuals for the establishment of private refineries and re-issue them to those with financial capacities and technical abilities. Also, fulfill the promise to encourage the establishment of modular refineries to sustain the gains already recorded in the sector under the present dispensation,” he said.
