- June 9, 2021
- Posted by: adminer
- Category: Natural Resources
Mr Michael Sangster, the Managing Director of TotalEnergies, has called for the sustenance of local content to grow the oil and gas sector in the country.
Sangster made the call at the Chief Executive Officers roundtable at the ongoing 4th Nigeria International Petroleum Summit (NIPS) in Abuja on Tuesday
The theme of the conference is: “From Crisis to opportunities: New approach to future of hydrocarbons’’.
Sangster, who spoke on the impact of local content policy on International Oil Companies (IOCs) operating in the country, said that the act had helped them to make more impact in country.
He said that the Nigeria oil industry became proactive with the introduction of Local Content Act, adding with it should be sustained as efforts were being made to transit to cleaner energy.
“The industry has been proactive with the local content act; the act aided the establishment of indigenous companies and creation of jobs.
“The Egina project is a good product of local content and we are very proud of it because 70 per cent of the fabrication were done in country and they are quality and the facility is working well,” he said.
Sangster urged the government to invest a good percentage of its revenue to support local content to boost the economy to drive regional development.
“We strongly believe that sustainability of the local content will help keep young people busy,” he said…………TO CONTINUE READING CLICK ONhttps://thefreezonechannel.com/totalenergies-calls-for-sustainability-of-local-content/