Oil & Gas

OPEC Secretary-General Lauds Ongoing Reforms in NNPC

901

 

 

… Expresses Readiness To Work With Sylva, Kyari

Impressed with the ongoing reforms at the Nigerian National Petroleum Corporation (NNPC), the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC),Mr Mohammed Sanusi Barkindo, says the reforms will change the fortunes of the corporation.

Barkindo spoke on Tuesday shortly after inspecting the NNPC Pavilion at the ongoing 24th World Energy Congress in Abu Dhabi, United Arab Emirates.

The OPEC scribe, while commending the overarching changes, expresssed delight that the corporation’s new management team had been pursuing the dreams of its founding fathers despite the challenges of contraction in investment that had affected the global energy industry.

“I am glad that you continue to match on with your projects despite the downturn in the Industry. We have seen the Industry globally suffered in terms of contraction in investment which affected capacity.

“You have not only been able to stay on course, but you  also continue with these projects which are critical for the development of the corporation and the Industry in Nigeria”, Barkindo said in a statement by Mr Ndu Ughamadu, Group General Manager, Group Public Affairs Division of NNPC.

Affirming his confidence in the new leadership of the corporation, the OPEC Secretary-General said that the competences of the newly appointed Minister of State for Petroleum, Chief Timipreye Sylva and that of the NNPC GMD, Mallam Mele Kyari, were a good match towards bringing the much-needed direction and development in the continental Oil and Gas Industry.

“I know both Timipreye Sylva as a friend and Mele Kyari as a colleague for a very long time. I had worked with both and I know that if they work together, they will make a good team that will provide the leadership that the corporation and the Industry require”, Barkindo added.

Barkindo particularly expressed satisfaction with Kyari’s transparency and accountability drive as the fulcrum of his Transparency, Accountability Performance Excellence (TAPE) Vision, describing it as indispensable key elements towards gaining investors’ confidence.

He said: “To lead such a sensitive and capital-intensive industry like the oil and gas, you must have transparency and accountability as one of your core principles in order to drive change. I am glad I know Mele Kyari for a very long time.

“He is a very capable and straightforward individual with high level of integrity even as a very junior officer. So, he has a track record. I remain confident that together with his team, and with the support of government, he will accomplish the task.”

Earlier, while briefing the OPEC scribe at the event, NNPC’s Chief Operating Officer (Downstream), who represented the GMD at the triennial conference, Mr Adetunji Adeyemi, shed more light on strategic projects of the corporation and also assured Barkindo of the current NNPC leadership’s commitment to deliver on their mandate.

Leave a comment

Related Articles

Just In: NNPC Posts Record N5.4trn Profit in 2024, Revenue Hits N45.1trn

The Nigerian National Petroleum Company Limited (NNPCL) has announced a staggering profit...

NNPC Ltd. Calls for Strategic Partnerships to Unlock Downstream Sector Potential

The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated the crucial...

Shell Invests $2bln in Nigeria’s Offshore Gas Project

Global energy giant Shell has announced a $2 billion investment in the...

Nigeria’s Crude Oil Production Drops to 1.39m BPD – OPEC

Nigeria’s crude oil production declined to 1.39 million barrels per day (bpd)...

NNPCL, Sahara Group, Eroton Commission Wholly Owned FSO Floating Vessel

The Nigerian National Petroleum Company (NNPC) Limited has partnered with Sahara Group,...

Cooking Gas Price Surge: NNPCL Blames PENGASSAN Strike

A recent sharp increase in the price of liquefied petroleum gas (LPG),...

Court Halts PENGASSAN Strike Against Dangote Refinery

The National Industrial Court in Abuja has restrained the Petroleum and Natural...

NNPC, NUPRC, NMDPRA shut as PENGASSAN begins strike

The nationwide strike declared by the Petroleum and Natural Gas Senior Staff...

FG Intervenes in Dangote Refinery Dispute with PENGASSAN

The Federal Government has intervened in the ongoing dispute between Dangote Refinery...

Dangote Refinery Slams PENGASSAN’s Supply Cut Directive as “Economic Sabotage”

Dangote Refinery has strongly condemned the directive by the Petroleum and Natural...

PENGASSAN Directs Members to Cut Off Gas Supply to Dangote Refinery

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has...

NNPC Ltd Sees Ogoni Re-entry as Beacon of Reconciliation

The Nigerian National Petroleum Company Limited (NNPC Ltd) has hailed the Ogoni...

NUPRC Approves TotalEnergies’ $510m Sale of Stake in OML 118 to Shell, Agip

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially approved TotalEnergies Exploration...

NNPCL Names Odeh, Adewunmi to Head Communications, Relations Departments

The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointments of...

Nigeria’s Excess Crude Account Sees Marginal Growth – AGF Ogunjimi

The Accountant-General of the Federation, Shamseldeen Ogunjimi, has revealed that Nigeria’s Excess...

Nigeria’s Oil Output Hits Six-Month High, Reaches 1.7mbpd

Nigeria’s oil production has reached a new six-month high, averaging 1.71 million...

Tinubu Welcomes Brazil’s Oil Company Petrobras’ Imminent Return to Nigeria

President Bola Tinubu has welcomed the imminent return of Petrobras, Brazil’s state-owned...

Crude Oil Theft, a Sophisticated International Operation – NNPCL GCEO Ojulari

Mr. Bashir Ojulari, the Group Chief Executive Officer of the Nigerian National...

NNPCL’s July Profit Takes a Nosedive: Records 79.6% Decline

The Nigerian National Petroleum Company Limited (NNPCL) has reported a significant decline...

1.44bln Litres: Nigeria’s Fuel Consumption Takes a Dip in June 2025

Nigeria’s fuel consumption has taken a significant hit, dropping to 1.44 billion...