NNPC mulls W/Africa, global reach
As part of efforts to boost its international profile, the Nigerian National Petroleum Corporation, NNPC, says it plans to expand its operational footprints to the West African Sub-region and other parts of the world.
Group Managing Director of the NNPC, Mallam Mele Kyari, who disclosed this at the 3rd edition of the Nigeria International Petroleum Summit, NIPS, 2020 in Abuja, said although the primary focus of the corporation was to ensure energy security for Nigeria, it had capacity to meet the energy needs of the entire West African sub-region.
Kyari said NNPC was working with its technical partners to restore its three refineries to be able to operate at optimal levels, a statement by the corporation’s Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, said.
According to him, the phase 1 work on the rehabilitation of the Port Harcourt refinery had already begun with phase 2 work in the offing.
“We will continue to support the Dangote refinery and the other modular refinery projects in the country to guarantee energy security for Africa. Nigeria welcomes foreign investors to invest in the Oil and Gas Industry. 2020 is year of gas. Nigeria will deepen domestic gas use and monetization of our huge gas resources,” he said.
He stated that Nigeria was ready and accessible for investments from all interested countries, individuals and partners, assuring that their investments were secured with high returns in the country.
Speaking further at the summit, Kyari noted that NNPC would sustain its business culture of Transparency, Accountability and Performance Excellence, TAPE, even as the corporation remains the only entity in the world that publishes its financial and operations monthly.
He assured that NNPC was more than ever committed to improving transparency to win the trust of all its stakeholders as the largest oil corporation in Africa.
Kyari also informed that Nigeria had found oil in new territories with huge potentials, adding that NNPC was expanding the Escravos-Lagos Pipeline System 2, ELPS, and building the Ajaokuta-Kaduna-Kano pipeline as part of efforts to expand domestic gas utilization for the benefit of the Nigerian economy.
Also speaking, the Minister of State for Petroleum Resources, Chief Timipre Sylva, who launched the Nigeria Gas Network Code, said that the Nigerian Gas Sector had the potential to lift over one 100million Nigerians out of poverty in line with the aspiration of the President Muhammadu Buhari Administration.