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THE Petroleum Equalisation
Fund Management Board
(PEF(M)B)

Agencies Objectives And Activities








Background

The Petroleum Equalisation Fund Management Board (PEF(M)B) was established for the purposes of building capacities, capabilities and competences of Nigerian in the Petroleum industry.


1. Eradicate Smuggling

  1. Provide a platform for end-to-end visibility of Supply of Petroleum Products across the downstream value chain through Technology.

2. Gas Flare Commercialization

  1. Harmonise all Government and Industry Incentives & Regulations.

3. Increase Crude Oil Production

  1. Pursue Railway Equalisation and Pipeline Bridging to build a framework and Infrastructure for movement of Petroleum Products by Railway and Pipelines.

4. Reduce Crude Oil Extraction Cost

  1. Infrastructure Investment and Maintenance Formulate Incentives for Investment and Maintenance in Downstream Infrastructure, such as Depots, Trucks, Pipeline, LPG etc. Automate business processes.
  2. Minimize Single Sourcing Syndrome.

Short Term

  1. Minimize Single Sourcing Syndrome.
  2. Infrastructure Investment and Maintenance Formulate Incentives for Investment and Maintenance in Downstream Infrastructure, such as Depots, Trucks, Pipeline, LPG etc.
  3. Provide a platform for end-to-end visibility of Supply of Petroleum Products across the downstream value chain through Technology.

Medium Term

  1. Pursue Railway Equalisation and Pipeline Bridging to build a framework and Infrastructure for movement of Petroleum Products by Railway and Pipelines.
  2. Harmonise all Government and Industry Incentives & Regulations.

Long Term

  1. Support R & D on enhanced oil recovery techniques.

DETAIL OBJECTIVES AND ACTIVITIES BY AGENCIES

The Petroleum Equalisation Fund Management Board (PEF(M)B)

Agencies Objectives And Activities - PEF(M)B

Agencies Objectives And Activities - PEF(M)B