OIL & GAS

Kyari Advocates Academia-Industry Collaboration For Energy Sufficiency, Sustainability

Kyari Advocates

OpenLife Nigeria reports that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari has called for collaboration between the academia and the Oil & Gas Industry towards addressing the challenges of energy sufficiency and sustainability.

This is contained in a statement signed by Olufemi O. Soneye, Chief Corporate Communications Officer,
NNPC Ltd and made available to OpenLife.

According to the statement, Kyari made this call while speaking as a Guest Lecturer during the 2024 Faculty Lecture titled, “Energy Security, Sustainability and Profitability in Nigeria: Advances, Challenges and Opportunities,” organized by the Faculty of Science of the Obafemi Awolowo University (OAU), Ile-Ife, Osun State, on Wednesday.

 

In his lecture, Kyari highlighted the important role academic communities, such as the prestigious OAU, play in safeguarding national energy security through research and collaboration with the industry.

 

While pointing out the challenges hindering energy security in Nigeria to include rapid population growth, pipeline vandalism, and crude oil theft, Kyari identified energy conservation, diversification, and efficiency measures as major avenues for enhancing energy security.

 

Addressing the projected rapid population growth, Kyari harped on the importance of finding solutions to ensure sustainable energy security for the benefit of current and future generations.

 

He underscored the intensified competition for vital resources and urbanization drive, which would lead to a doubling of Nigeria’s energy demand by 2050.

 

On the challenges posed by pipeline vandalism and crude oil theft, the GCEO observed that the issues have impacted NNPC Ltd.’s operations, stressing that the establishment of a command-and-control center has aided the detection and destruction of illegal refinery sites, removal of illegal connections, thereby addressing vandalism across operating corridors since 2021.

 

“The centre provides livestreaming of surveillance data to security forces, contributing to the detection and destruction of over 5,686 Illegal Refinery (IR) sites and the removal of 4,480 Illegal Connections (ICs) from 2021 to the present,” the GCEO added.

 

Acknowledging the severity of vandalism and oil theft, Kyari hinted at a strategic shift, focusing on increased products trucking and storage in underground tankages at NNPC filling stations nationwide.

 

He highlighted NNPC Ltd.’s expanded retail assets, making it the largest single downstream company in sub-Saharan Africa after acquiring OVH retail stations and associated downstream infrastructure in 2021.

 

While underscoring NNPC Ltd.’s transformation into a fully commercial limited liability energy company following the passage of the Petroleum Industry Act in 2021, Kyari said the removal of fuel subsidies has allowed the Company to play a more active commercial role, ensuring profitability and delivering greater value to Nigeria’s growing population.

Share This
Openlife Reporter

Recent Posts

Evaristus Ehigianewoh, A Die-Hard Supporter Of Governor Okpebholo, Speaks About Edo New Government

Evaristus Ehigianewoh OpenLife Nigeria reports that Honourable Evaristus Isegulan Ehigianewoh, a die-hard believer in Senator…

10 hours ago

Angulama Comes Alive As Renowned Lawyer, Astute Politician, Osima Ginah, Marks Diamond Jubilee Anniversary {Event Highlight}

Angulama Comes Alive OpenLife Nigeria reports that erstwhile National Publicity Secretary of the defunct New…

12 hours ago

APC Chieftain, Chief Eze, Commemorates 13th Accident Anniversary That Would Have Wiped Out His Entire Family

APC Chieftain OpenLife Nigeria reports that chieftain of the All Progressives Congress, APC, Chief Eze…

12 hours ago

Cut N9.4bn Presidency Budget For Travels, Meals, N344bn NASS Budget, SERAP Tells Akpabio, Abbas

Cut OpenLife Nigeria reports that Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate…

17 hours ago

NIMC Releases Phone Number, Email To Report Extortion During NIN Registration

NIMC Releases Phone Number OpenLife Nigeria reports that the National Identity Management Commission (NIMC) has…

2 days ago

Primate Elijah Ayodele Releases 2025 Prophetic Insights, Speaks On Nnamdi Kanu

Primate Elijah Ayodele Releases 2025 Prophetic Insights OpenLife Nigeria reports that renowned Nigerian seer and…

2 days ago

This website uses cookies.