•GCEO NNPC Ltd, Mr. Mele Kyari (right) and the Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), His Excellency Haitham al-Ghais, during a courtesy visit to the NNPC Towers, Abuja… Wednesday.
In a bid to bolster Nigeria’s oil industry, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organisation of Oil Exporting Countries (OPEC) have vowed to collaborate closely.
This commitment, according to a statement by Olufemi O. Soneye,
Chief Corporate Communications Officer,NNPC Ltd., was solidified during a recent meeting between OPEC’s Secretary General, Haitham al-Ghais, and NNPC Ltd’s Group Chief Executive Officer, Mele Kyari, held at the NNPC Towers on Wednesday.
During the meeting, al-Ghais highlighted OPEC’s full alignment with NNPC Ltd.’s strategic vision encapsulated in its motto, “Energy for Today, Energy for Tomorrow.” He emphasized the necessity of embracing all energy sources to meet the growing global demand, estimating a staggering $14 trillion investment requirement by 2035.
Asserting the importance of market stability, al-Ghais underscored OPEC’s commitment to ensuring a balanced global oil market, crucial for attracting investors to Nigeria. He stressed the detrimental effects of market volatility on both producers and consumers.
In response, Kyari expressed NNPC Ltd’s dedication to ramping up production and creating an attractive fiscal environment to entice investments. He conveyed gratitude for OPEC’s ongoing support to Nigeria and pledged NNPC Ltd’s unwavering assistance to the organization.
This alliance signals a concerted effort to revitalize Nigeria’s oil sector, aligning with broader global energy goals. With mutual cooperation and shared objectives, NNPC Ltd and OPEC aim to secure Nigeria’s position as a reliable energy provider on the world stage.