SHELL NIGERIA PUSHES FOR IMPROVED REGULATORY ENVIRONMENT TO DRIVE LOW-CARBON STRATEGY
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GREATRIBUNETVNEWS–The Shell Petroleum Development Company of Nigeria Ltd (SPDC) is advocating for a robust regulatory environment in Nigeria’s oil and gas industry. This move is crucial for driving the company’s low-carbon strategy and investments in the country, according to Osagie Okunbor, Country Chair of Shell Companies in Nigeria and Managing Director of SPDC .
*Key Objectives:*
– _Enhanced Regulatory Framework_: SPDC seeks continuous improvement in the Petroleum Industry Act provisions.
– _Low-Carbon Strategy_: The company aims to reduce its carbon footprint in Nigeria.
– _Investment Boost_: An improved regulatory environment will attract more investments.
Okunbor emphasized the need to tackle crude theft and illegal refining to protect Nigeria’s resources and environment. He reiterated Shell’s commitment to supporting Nigeria’s ‘Decade of Gas’ ambition, particularly the domestic gas agenda [2).
By promoting a conducive regulatory environment, Shell Nigeria aims to contribute to the country’s economic growth and sustainable energy development.
