“NNPC LTD WOOS INVESTORS AT GASTECH: UNLOCKING NIGERIA’S VAST ENERGY POTENTIAL”
OJULARI NNPC LTD GCEO IN AN INTERVIEW ….[ GREATRIBUNETVNEWS]
GREATRIBUNETVNEWS–THE Nigerian National Petroleum Company Limited (NNPC Ltd) is calling on international investors to tap into Nigeria’s vast energy sector opportunities.
Speaking at the Gastech Exhibition & Conference in Milan, Italy, NNPC Ltd’s Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, highlighted the country’s potential and investment-friendly climate.
Key Highlights:
– Investment Opportunities: NNPC Ltd is seeking to attract international investors to Nigeria’s energy sector.
– Improved Investment Climate: President Bola Ahmed Tinubu’s administration has created a favorable investment environment.
– Targets and Value Delivery: NNPC Ltd is committed to delivering value to its shareholders and achieving set targets
The GCEO, 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 is 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 boostingproduction from the current 1.7million barrels per day, besides over 200 oil fields that are currently undeveloped.
On measures being taken to make Nigeria an investors’ haven, the GCEO said NNPC Ltd was investing heavily in carbon capture projects as well as technology to enhance energy efficiency and reduce gas flaring in compliance with the objectives of financing partners.
He said that a number of critical gas infrastructure projects in the country, such as the Ajaokuta-Kaduna-Kano (AKK) Gas pipeline, are in their advanced stages, while the NLNG Train 7 Project is also being progressed.
He noted that Nigeria’s energy transition strategy is focused oneradicating energy poverty which requires enormous investments in gas as the fuel of choice for industrialization as well as Liquefied Petroleum Gas (LPG) as domestic cooking gas for the over six million Africans who lack access to clean energy
Attended by over 50,000 professionals and more than 1,000 exhibitors from 150 Countries, Gastech is a leading annual gas conference where global energy leaders discuss developments that affect the future of the energy industry.
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