Report on Interest

NNPC’s oil production may start witnessing significant growth

The Nigerian National Petroleum Corporation (NNPC) may soon start witnessing a significant boost and new dimension in oil production growth, the pledges of which were made by lawmakers, following National Assembly’s assurance to partner with the corporation towards boosting federation’s revenue base.

The lawmakers stated that it was important for the legislature to lend support to the national oil company in overall interest of Nigerians, and that there was need for efficient collaboration to satisfy the expectations of Nigerians.

The Chairman, House Committee on Petroleum, Upstream, Musa Sarkin-Adar, indicated that Nigerians were desirous of getting better performance and service delivery and that yearning citizens were to get higher productivity from oil exploration to grow revenue towards meeting the energy needs of Nigerians.

Speaking recently while touring the NNPC Pavilion at ongoing 24th World Energy Conference in Abu Dhabi, United Arab Emirates, Sarkin-Adar noted that for Nigeria to catch up in the technological advancement witnessed in the Oil and Gas Industry, NNPC needed the support of all stakeholders.

He stated that his committee was determined to deploy result-oriented strategies in handling the challenges facing the Energy Industry in Nigeria.

Describing the current leadership in the NNPC as visionary, Hon. Sarkin-Adar observed that the entrenchment of Transparency, Accountability and Performance Excellence (TAPE) by the GMD, Mallam Mele Kyari, represents positive signs for the Corporation.

“I am delighted with the GMD’s Transparency, Accountability and Performance Excellence (TAPE) agenda to drive the Oil and Gas Industry. I am encouraged that we are having somebody with foresight and somebody who is ready to move the corporation from where it is to the next level”.

Meanwhile, the Chairman,  Organising Committee,  24th World Energy Congress (WEC), Dr. Matar Alneyadi, commended Nigeria for its active participation at the triennial conference, stressing that the country remained an important player in the oil and gas business at both continental and global level.

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