- August 20, 2015
- Posted by: Website Admin
- Category: National News, Uncategorized
President Muhammadu Buhari has asked the Nigerian National Petroleum Corporation-NNPC to work more closely with indigenous companies operating in Nigeria’s oil and gas sector, promising that his administration will give them full support and protection.
At a meeting with members of the Independent Petroleum Producers Association in the Presidential Villa, President Buhari commended their determination to increase the participation of Nigerians in the country’s oil industry.
While promising to do all within his powers to address the challenges they currently face, the president assured Nigerian oil producers that the present administration would take appropriate actions to maintain and enhance security in their areas of operation, emphasizing that better security would help to lower production costs, which he said had become unnecessarily high.
Buhari also directed the management of the NNPC to work more closely with the indigenous oil producers to resolve the problems which they enumerated to him.
The chief executive officer of Seplat Petroleum, Austin Avuru, who spoke on behalf of the Nigerian oil producers, told the president of challenges facing the group such as security and the funding of joint ventures with the NNPC, adding that indigenous oil producers were already making significant contributions to the development of the Nigerian economy and could do more with the support of the present administration.