Page 9 - AfrOil Week 29 2021
P. 9

AfrOil                                           POLICY                                                AfrOil



       Egypt’s petroleum minister reports




       on progress of gasification initiative






             EGYPT       EGYPTIAN Petroleum Minister Tarek El-Molla   villages that are home to 4mn people.
                         noted earlier this week that the government’s   The ministry indicated that it was already at
                         domestic gasification programme was making   work on the first phase, which involves bring-
                         progress.                            ing gas to 199 villages at a cost of EGP3.3bn
                           In a statement issued by the state informa-  ($210.6mn). The second phase of work will
                         tion agency, El-Molla reported that the Petro-  involve the gasification of another 423 villages
                         leum Ministry had begun supplying natural   at a cost of EGP5.5bn ($351mn), while the third
                         gas to another 1.2mn households during Fiscal   phase will bring gas to another 710 villages at a
                         Year 2020-2021, which ended on June 30. This   cost of EGP16bn ($1.021bn), it added.
                         brought the total number of residential units   The ministry is carrying out this three-phase
                         consuming gas up to 12.32mn, he said.  plan within the framework of the Egyptian gov-
                           He also noted that the geographical range   ernment’s Decent Life programme. This initi-
                         of the gasification programme was expanding.   ative targets 4,670 rural villages that are home
                         Some 88 areas within 18 governorates started   to 57% of the country’s population, and it aims
                         receiving gas for the first time in FY 2020-2021,   to improve infrastructure, public facilities and
                         he stated.                           vocational services in these communities. ™
                           El-Molla went on to say that the Petroleum
                         Ministry intended to continue bringing gas
                         supplies to larger numbers of people in the cur-
                         rent fiscal year. This is in line with directives
                         issued by President Abdel Fattah El-Sisi, who
                         is determined to provide Egyptian citizens with
                         better services and mitigate their hardships, he
                         reported.
                           Additionally, he said, the ministry aims to
                         expand the use of pre-paid meters in order to
                         facilitate the collection of payments. Egyptian
                         authorities have already installed 385,000 pre-
                         paid gas meters and intend to install more in the
                         future, he stated.

                         Rural gasification
                         He was speaking shortly after the Petroleum
                         Ministry reported on the progress of a three-
                         phase plan to lay 16,000 km of pipelines to
                         facilitate gas deliveries to more than 1,000 rural   Egypt uses pre-paid meters for both gas and electricity (Photo: Daily News Egypt)


       Expert lauds “drill-or-drop”




       provisions of Nigeria’s PIB






            NIGERIA      ADEMOLA Adigun, an oil and gas policy   which obligate investors to uphold the terms of
                         expert who serves as executive vice-president   their licences or risk losing them, once the PIB
                         of the Metacura Development Initiative, has   is signed into law by President Muhammadu
                         praised the Nigerian government’s decision to   Buhari.
                         include “drill-or-drop” provisions in the newly   “Drill-or-drop” requirements have the
                         passed Petroleum Industry Bill (PIB).  potential to forestall the misuse of valuable
                           Adigun said earlier this week that he hoped   assets and to optimise revenues from oil and gas
                         Abuja would strictly enforce these provisions,   fields, he said.



       Week 29   21•July•2021                   www. NEWSBASE .com                                              P9
   4   5   6   7   8   9   10   11   12   13   14