NNPC Limited to officially debut in July 2022-Kyari
Mele Kyari, Chief Executive Officer, the Nigerian National Petroleum Corporation, (NNPC) Limited, has said the company will officially debut in July 2022.
Kyari disclosed that the new company which will be listed on the Nigerian Stock Exchange, (NSE), will focus on gas as Nigeria’s transitional fuel.
According to him, the NNPC is geared towards providing energy security to all, adding that the only way to do is to ensure that gas is the backbone of the nation’s economy.
He hinted that NNPC also targets production of 8 billion scf of gas, which will be made available across the country.
The NNPC CEO stated further that the Company plans a hub where gas industries will be situated and compress gas as Liquefied Natural Gas, (LNG), adding that it plans to rise to be world’s fifth largest gas producer.
Kyari emphasized that Nigeria is a gas country, and NNPC will be that company that will make this possible as well as guarantee energy security for this country
Kyari described the Petroleum Industry Act, (PIA) as “competitive and world class”, as well as “money back with profit” for both dependent and independent investors.
