The Major Energy Marketers of Nigeria (MEMAN), has advocated for the Formation of Petroleum Industry Consultative Committees.
It says this would enhance the efficient utilization of the nation’s hydrocarbon resources.
Huub Stokman, Chairman, of MEMAN, made the advocacy during a webinar with the theme: “Pathway to Optimizing Oil and Gas Sector,”, said the Petroleum Industry Consultative Committees are proposed to enhance the strategic guidance, oversight, and operational efficiency within the petroleum industry.
He said this initiative aims to foster collaboration, innovation, and effective conflict resolution among key industry stakeholders.
According to him, MEMAN proposes: The Midstream and Downstream Industry Coordination Committee (MDICC); The Industry Interface Committee (IIC); The Petroleum Industry Consultative Assembly (PICA).
Stokman said the proposed structures aim to ensure focused, effective management and strategic guidance across the petroleum industry.
By clearly defining roles and responsibilities, he said the committees would drive progress, enhance collaboration, and address industry challenges comprehensively.
According to him, the proposed establishment of the committees is pegged on the successes recorded by the Bankers’ Committee in Nigeria.
The Bankers’ Committee in Nigeria plays a key role in guiding the banking sector, meeting quarterly under the leadership of the Governor and the Deputy Governors of the Central Bank of Nigeria. With 40 members, made up of the CEOs of Commercial and Merchant banks as well as Development Financial Institutions, the Committee promotes collaboration, regulatory compliance, and financial stability.
Stokman gives the objectives of the proposed committees as: Encourage the beneficiation of crude oil in Nigeria; Strategize, guide, and oversee the evolution of Premium Motor Spirit (PMS) pricing, including the systematic removal of subsidies.
Others are; Promote automation, technology, innovation, efficiency, best practices, and self-regulation within the industry; Serve as a platform for resolving conflicts among operators and various aspects of the supply chain.
