Stakeholders in the oil and gas sector have expressed approval for the reappointment of Malam Mele Kyari as the Group Chief Executive Officer (GCEO) of the National Petroleum Company Ltd. (NNPCL). President Bola Tinubu’s decision to extend Kyari’s tenure has garnered positive reactions from industry insiders, who see it as a strategic move to ensure stability and further the ongoing reform initiatives in the sector.<\/p>\n
Former President of the Nigerian Association of Petroleum Explorationists (NAPE), Mr. Ajibola Oyebamiji, highlighted the crucial need to operationalize the refineries. He called on Kyari to use his renewed term to boost production, implement the gas policy, incentivize gas exploration, and support local gas utilization.<\/p>\n
Oyebamiji stated, “The GCEO\u2019s reappointment is a welcome development and cheering news for the oil and gas industry. He is a round peg in a round hole. For the stability of the industry and implementation of the ongoing reform policies, it is well-deserved.”<\/p>\n
Dr. Emeka Akabogu, Executive Vice Chairman of OTL Africa Downstream, noted the pragmatic nature of Kyari\u2019s reappointment in light of NNPCL’s transition into full private sector operations. Akabogu acknowledged Kyari’s efforts in this transitional phase and stressed the importance of organizational stability.<\/p>\n
On his expectations, Akabogu stated, “I anticipate that he strengthens the establishment of a robust and competitive national oil company capable of competing both locally and internationally. It’s crucial for NNPCL to adhere strictly to competition regulations, especially when engaging with local operators in the downstream value chain.”<\/p>\n
The newly appointed board of NNPCL features Chief Pius Akinyelure as the Non-Executive Board Chairman, Alhaji Umar Ajiya as the Chief Financial Officer, and Mr. Ledum Mitee as a Non-Executive Director, among others. The stakeholders’ emphasis on the swift implementation of the gas policy underscores the industry’s eagerness for strategic measures aligned with both national and international standards.<\/p>\n","protected":false},"excerpt":{"rendered":"
Stakeholders in the oil and gas sector have expressed approval for the reappointment of Malam Mele Kyari as the Group Chief Executive Officer (GCEO) of the National Petroleum Company Ltd. (NNPCL). President Bola Tinubu’s decision to extend Kyari’s tenure has garnered positive reactions from industry insiders, who see it as a strategic move to ensure […]<\/p>\n","protected":false},"author":12,"featured_media":8346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-8343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=8343"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8343\/revisions"}],"predecessor-version":[{"id":8374,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8343\/revisions\/8374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/8346"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=8343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=8343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=8343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}