Thursday 5 March 2015

Reps summon petroleum minister, Shell MD

The House of Representatives on Thursday summoned the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, over the decision of Shell Petroleum Development Company of Nigeria to relinquish its interest in some oil blocs called Oil Mining Licence II.
She is to appear with the Managing Director of SPDC to explain the bidding process for the blocs.
The House noted that some “discrepancies ‎and insider trading arrangements” within SPDC on the bidding process for the bloc had been reported.
The resolution followed a motion moved by a member from Abia State, Mr. Abonta Nkem-Abonta.
The House said it was interested in knowing whether the country’s Local Content Law had not been breached in‎ any way in the ongoing bidding process.
“The House notes the circumstances surrounding its intended exit from the said bloc.
“It recognises the need for local content and development in the oil sector.
“It also acknowledges the need for compliance with the Local Content Act in order to accommodate host communities in the process of bidding for oil bloc OML II, which will soon be relinquished by SPDC,” part of the motion read.
The House named Gokana and Tai (Ogoni), Oyigbo, Asa, Ukwa Oil Field (Abia) and Adoni, Opobo, Boni (Rivers) as the communities where the blocs are located.

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