CORPORATE
SOCIAL RESPONSIBILITY

IN PARTNERSHIP WITH GOKE DELE FOUNDATION

PETROLEUM INDUSTRY ACT

October 4, 2021

Dear Team,

 I am delighted to present our Newsletter for September 2021.

The month of August was most eventful with several milestones. At the top of the list is our rebranding process which heralds our new identity and positioning in the downstream sector. The first half saw us build on the momentum gathered in the 2019 post-acquisition of ASCON and the challenge of the COVID-19 pandemic. Your tireless effort and commitment have been key factors in achieving this feat. Our newly branded Quest Service Station at Admiralty Way, Lekki Phase 1, and others have enhanced our capacity to serve our customers across Nigeria and we are on track to deliver a solid performance in the coming months and years ahead.

As you all know, our world is being threatened by climate change occasioned by the release of greenhouse gases such as CO2 into the atmosphere. The need to reduce CO2 emissions has facilitated the surge of demand of countries around the world for renewable energy. As a responsible corporate entity, we are taking proactive steps to curb the effect of this on our environment and stakeholders. Through our innovative energy programs, we are enabling our customers and stakeholders to access cleaner and more efficient energy solutions, thereby building a sustainable ecosystem. We will continue to optimize our processes to build an organization that evolves with time.

Today, through our strategic communications and stakeholder engagement programs, Quest is now more respected and recognized by a wide array of personalities, entities, and corporate organizations than it was ten years ago. For this, I think we should all be proud of ourselves.

In line with our commitment to maintaining a work environment that supports mutual respect, and personal career development, we recently announced our new internal campaign aimed at engendering company-wide assimilation of “Trust” as a corporate philosophy. To demonstrate my commitment to this task, I will be working with the Corporate Communications & Branding Team to ensure that our goal is backed by credible and tangible actions.

 

In closing, our vision will continue to support the dreams and aspirations of every member of staff without exception.

 

The journey to a greater tomorrow starts here and now.

 

Thank you.

 

Goke Dele

Experts and stakeholders in the oil and gas industry have reacted differently to the time frame of twelve months given to the Petroleum Industry Act (PIA) implementation committee inaugurated yesterday by President Muhammadu Buhari.

President Buhari had yesterday approved the implementation committee to be headed by the minister of state for petroleum, Chief Timipre Sylva, directing the committee to immediately commence implementation of the Petroleum Industry Act in 12 months.

Sani, the Chief Executive Officer of Nigerco Energy, in his reaction said the industry lacked basic infrastructure, transparency, was opaque, and required a longer time to provide the necessary guidelines and abilities especially in the area of regulation. He was also of the opinion that the private sector should be fully mobilized to play a major role in the oil sector transformation as provided by the Act.

Also speaking, John Udeagbala, president of the National Association of Chambers of Commerce Industry Mines and Agriculture, NACCIMA, said the committee should consider a structured and disciplined implementation of the Act in the long term to achieve its purpose.

The Federal Inland Revenue Service (FIRS) has expressed fear that PIA would reduce government revenue expected from the Petroleum Profit Tax next year.

https://leadership.ng/petroleum-industry-act-experts-fault-fgs-12-month-implementation-plan/

RENEWABLE

ENERGY

Creating a positive impact on the environment, and value for our stakeholders.

We are able to deploy stand alone renewable energy related services from hydroelectric power, wind power and solar power generation to augment your existing work processes and methodologies.