July 12, (THEWILL) – The federal government has approved a contract to construct a metering system for all the crude oil flow stations in the energy sector.
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who disclosed this to newsmen on Friday in Abuja, said the approval for the contract was awarded by the Federal Executive Council (FEC) chaired by President Bola Tinubu on Wednesday.
Lokpobiri, who said the metering would enable the government to boost crude oil production and increase federation revenue, added that the project is in line with the government’s agenda to ensure transparency and accountability in the oil and gas sector.
He said that the contract awarded would be for a period of 180 days, adding that the move would enable the country to meter about 187 of the flow stations.
The Minister put the cost of the contract for the metering project at about $21m.
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