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Group partners NEITI, others to promote local refining

Group partners NEITI, others to promote local refining

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’Femi Asu

CSR-in-Actio, in partnership with the Nigerian Extractive Industries Transparency Initiative, the Federal Ministry of Petroleum Resources, Ministry of Mines and Steel Development, Miners Association of Nigeria, and Petroleum Technology Association of Nigeria, is highlighting the need to ramp up local crude oil refining.

The business sustainability outfit said the forthcoming 7th Sustainability in the Extractive Industries Conference and Exhibition would focus on various aspects of the extractive industries, with ‘Using extractives technology to promote local refining by 2019: A sustainable approach’ as its theme.

It said discussions at SITEI 2018, scheduled to hold in Abuja on May 21 and 22, would revolve around the need to identify and promote areas in which extractive players within Nigeria might facilitate multi-sectoral collaborations to develop, adopt and promote technologies that would lower their running costs, increase profit margins, encourage transparency, and curb capital flight, among others.

The group said stakeholders would examine how technology could bring about the stoppage of fuel importation by 2019 on the first day, and the discussion would focus on boosting mining productivity on the second day.

According to a statement, SITEI was established in October 2012 in conjunction with the Deputy High Commission of Canada in Lagos, as a platform for key stakeholders in the extractive industry, government and others to promote the cross-fertilisation of ideas and global best practices for the benefit of the industry.

The Chief Executive, CSR-in-Action and Co-convener of SITEI, Bekeme Masade, said, “Creating  awareness  of  the  need  to  promote   the  use  of technology in the extractive sector, as well as identifying possible partnership opportunities available in the extractive, science, technology, and communication industries, is at the centre of the conference.

“Again, this year’s event seeks to promote the advancement of conceptual and already existing local technologies through patronage and vocational training, while encouraging co-ownership of local technologies and patents, among others.”

According to the statement, the SITEI 2018 will be declared open by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on the first day; while the Minister of Mines and Steel Development, Dr. Kayode Fayemi, will be a special guest on the final day.

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