Akpatason says the pricing regulatory agency is doing a lot to sanitise the petroleum industry

The former President of the National Union of Petroleum and Natural Gas Workers (NUPENG), Peter Akpatason has commended the Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Reginald Stanley, for entrenching transparency and sanity in the operations of the agency.

Akpatason, who is now a member of the House of Representatives, was reacting to the recent suspension of a Swiss Oil trading company, NIMEX, by the management of the PPPRA.

He said Stanley had, since assuming office, shown the resolve and firmness necessary to realise the transformation agenda of the
Federal Government in the downstream sector.

According to him, the PPPRA boss had demonstrated strong ability to carry oil and gas unions along in achieving the set goals of government in the oil industry.

Akpatason, the Sub-Committee Chairman of the PPPRA in the house, recalled that Stanley had demonstrated similar ability during his stint as Managing Director of the Pipelines and Products Marketing
Company (PPMC).

Affirming that he has had close association with him for many years, he said “anyone who describes Mr. Stanley as anti-labour is obviously misfiring and crying wolf when there is none.

“In my understanding of the attitude of Mr. Stanley during my interactions with him, I can say it anywhere without mincing words
that Stanley is a gentleman. He is not anti-union.”

He warned journalists to be wary of entrenched fifth-columnists in the oil and gas industry, whom, he said, had been fighting hard to thwart the resolve of government to bring decorum to the energy sector.

It will be recalled that on May 6, the management of the PPPRA announced the suspension of a Swiss firm NIMEX, for failing to provide detailed documentation on its oil trading activities in Nigeria.

Announcing the suspension, Stanley said that the action was a clear warning to all marketers that a new regime of transparency and due process in the oil and gas industry had come to stay.

The downstream sector has been undergoing reforms in recent
months.

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