Petroleum Africa
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Wednesday, December 14, 2016
In Nigeria oil producing communities have come together under the aegis of Host Communities of Nigeria Producing Oil and Gas (HOSTCON) and entered into a strategic partnership with a consortium of foreign investors to utilize natural gas currently being flared in the Niger Delta for electricity generation and fertilizer production.
National Chairman of HOSTCON, Mike Emuh, during a presentation to the senate committee on the PIB, said the investors are experts in the conversion of gas to energy. The investors would be working in conjunction with the Nigerian government, oil and gas firms, NNPC, as well as a host of other government entities on the project.
During his presentation Emuh also called on the government to form a Host Communities Petroleum Commission to manage the 10% equity fund for host communities as contained in the PIB.
Emuh asked for immediate release of the 13% derivation fund to HOSTCON, approval of oil blocks and pipeline surveillance contracts to oil producing communities. Further, the immediate release of the gas flared penalty levy money that had been delayed was called for in order to address the issue of neglect of the Niger Delta people and also end the crises in the region.
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