By Munachimso Obienyi
The Minister of State for Petroleum Resources, Timipre Sylva, has expressed optimism in the viability of the petroleum industry to sustain the economy, stressing that the Nigerian oil and gas park under construction at Odukpani in Cross River State, will be completed by December this year.
The park, according to the Minister would create an environment for low-cost manufacturing that would produce equipment components and spare parts that will be used in the petroluem industry.
The minister made this disclosure this at the Petroleum Training Institute (PTI), Effurun, Delta State, on the occasion of the 22nd graduation ceremony of the institute which also marked the grand finale of the golden jubilee anniversary of the institution.
The minister who was represented by the Permanent Secretary, Ambassador Gabriel Aduda, said;
“The completion of this project will benefit the national economy because it will help reduce the demand for foreign exchange for importation of equipment. It will also provide employment opportunities for graduands of the institute.”
