OIL & GAS

Mele Kyari Clarifies NNPC Limited’s roles In IOC’s Divestment

<h4>Mele Kyari Clarifies<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a> <&sol;strong>reports that the Nigerian National Petroleum Company Limited &lpar;NNPC Ltd&rpar;&comma; as the largest partner to all the oil producing companies in Nigeria&comma; has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator&comma; and not an obstacle&period;<&sol;p>&NewLine;<p>This is contained in a statement signed by Olufemi O&period; Soneye&comma; Chief Corporate Communications Officer&comma; NNPC Ltd&comma; and made available to OpenLife&period;<&sol;p>&NewLine;<p>According to the statement&comma; the Group Chief Executive Officer&comma; Mr&period; Mele Kyari&comma; made the clarification at the opening ceremony of the 7th edition of the Nigerian International Energy Summit 2024 &lpar;NIES 2024&rpar;&comma; which held at the State House &comma; Abuja&comma; on Tuesday&period;<&sol;p>&NewLine;<p>He explained that by virtue of its statutory mandate as the enabler of national energy security&comma; NNPC Ltd&period;’s role is to ensure that&comma; at the end of the day&comma; there is optimal and sustainable production from the divested assets to guarantee energy security for the benefit of Nigerians&period;<&sol;p>&NewLine;<p>Kyari also disclosed the company’s willingness to invest in the proposed African Energy Bank as a way of ensuring sustainable funding for energy projects in Africa to guarantee energy security&period;<&sol;p>&NewLine;<p>On investment in energy infrastructure to drive energy security&comma; the GCEO further disclosed that the completion of the Obiafu-Obrikom-Oben Pipeline was in sight as the tunnelling across the River Niger was currently ongoing&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;24125" aria-describedby&equals;"caption-attachment-24125" style&equals;"width&colon; 300px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-24125" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2024&sol;02&sol;NNPC-C-300x165&period;jpg" alt&equals;"Mele Kyari Clarifies NNPC Limited’s roles In IOC’s Divestment" width&equals;"300" height&equals;"165" &sol;><figcaption id&equals;"caption-attachment-24125" class&equals;"wp-caption-text"><em><strong>GCEO NNPC Ltd&period;&comma; Mr&period; Mele Kyari delivering an address at the Opening Ceremony of the Nigeria International Energy Summit &lpar;NIES&rpar; 2024&comma; held at the International Conference Centre in Abuja&comma; on Monday<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>He assured stakeholders of the company’s commitment to work with them to close the energy deficit gap and create prosperity for Nigerians&comma; adding that from all indications&comma; all issues of energy scarcity in the country would be over in the next 10 years&period;<&sol;p>&NewLine;<p>The event saw the participation of key industry and governmental figures&comma; including Haitham al-Ghais&comma; Secretary-General of OPEC&semi; Omar Farouk Ibrahim&comma; Secretary General of the African Petroleum Producers&&num;8217&semi; Organization and  Sen&period; Heineken Lokpobiri&comma; Minister of State for Petroleum Resources &lpar;Oil&rpar;&period;<&sol;p>&NewLine;<p>The list of attendees includes  Hon&period; Ekperikpe Ekpo&comma; Minister of State for Petroleum Resources &lpar;Gas&rpar;&semi; <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">Amb&period; Nicholas Agbo Ella&comma;<&sol;a> Permanent Secretary of the Ministry of Petroleum Resources&semi; and the Minister of Information and National Orientation&comma; Mohammed Idris Malagi&comma; who represented the Nigerian President&comma; Bola Ahmed Tinubu&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;24124" aria-describedby&equals;"caption-attachment-24124" style&equals;"width&colon; 300px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-24124" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2024&sol;02&sol;NNPC-B-300x131&period;jpg" alt&equals;"Mele Kyari Clarifies" width&equals;"300" height&equals;"131" &sol;><figcaption id&equals;"caption-attachment-24124" class&equals;"wp-caption-text"><em><strong> GCEO NNPC Ltd&period;&comma; Mr&period; Mele Kyari speaks during the International Panel Session at the opening ceremony of the Nigeria International Energy Summit &lpar;NIES&rpar; 2024&comma; held at the International Conference Centre in Abuja&comma; on Monday&period;<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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