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Nigeria committed to ending gas flaring by 2020

The Minister of Petroleum Resources has assured the OPEC countries that it will stop gas flaring by 2020.

According to Kachikwu, Nigeria is about 70% compliant on gas flare exit and hopes to take away the other 30% within the 2020 deadline.

Speaking on the gas policy, he said: "We are going to try and change our dynamics from being an oil-producing country to being a gas producing country because that is really what we are. Now we need to move from policies to directives."

Also, he said it was vital that, “we get people back; we will define what the oil policy is, define what gas policy is, and people can have some predictability in terms of the business they are doing, and you begin to see a lot of them come back."

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Kachikwu also identified the downstream as an area requiring urgent attention, in which a directive had been up and running by 2019. He said many teams have been set up to deal with the issues, and there is a lot of financing interest, adding that infrastructure is a major gap in the oil industry in Nigeria.

Regarding the upstream, Kachikwu said there are about three to four big projects where the final investment decisions have been taken without giving further details, adding that it was just a matter of finding the funding and getting going.

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