Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has reiterated his commitment to privatize refineries in the country if elected President in 2023.
This is as the former vice President promised that his administration will name, shame and prosecute oil thieves.
Reiterating his commitment to privatizing the refineries in Kaduna, Port Harcourt and Warri, Atiku said;
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“I swear to God, I’ll privatize them.”
Atiku also added that those with undeveloped oil blocs will have such facilities taken from them and developed by his government.
“If you are not going to develop oil blocs given to you, we will take it away and give it to those who will develop it. We will also assemble the names of those involved in oil theft, publish same and prosecute them.”
On his plans to boost the oil and gas sector, Atiku called to mind that under the administration of ex-President Olusegun Obasanjo, oil production quota was earmarked to four million barrels per day.
He noted that the plan would be resuscitated and sustained beyond the projected figure by the invocation of the Petroleum Industry Act (PIA) and any other enabling laws.
“When we were in government, we started this process. However, there were hiccups. We were unable to pass the legislation to encourage IOCs to partake in the sector. We will go back to where we started.”
He added that the Brass and Olokola LNG projects, started under the Obasanjo administration will be given more attention under him.
He added;
“We will continue if we have the opportunity. As you know, joint ventures are good because they are investor-driven.”
