Latest news

NNPCL Woos Investors Into Nigeria’s Energy Sector


The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on international investors to direct their attention to Nigeria and tap into the huge opportunities in the nation’s energy sector.

Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, made the call while fielding questions from NBC’s Hala Gorani during the Energy Talk segment of the Gastech Exhibition & Conference, in Milan, Italy, according to a statement yesterday by the Chief Corporate Communications Officer, NNPC Ltd, Andy Odeh.

According to the statement, Ojulari, who commended President Bola Ahmed Tinubu for improving Nigeria’s investment climate and positioning the country as the preferred investment destination for the energy sector in Africa, stressed that the new NNPC Ltd management was keen on attaining its set targets towards delivering value to its shareholders.

According to him, while a number of investors were already coming into the country with gas-based industries such as petrochemicals and methanol plants, more investments were required to build infrastructure to support the Federal Government’s aspiration to power the nation’s transportation sector with Compressed Natural Gas (CNG).

Ojulari further explained that apart from gas, the existing crude oil assets have huge untapped reservoirs for investors to tap into towards boosting production from the current 1.7million barrels per day, besides over 200 oil fields that are currently undeveloped.



Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...