Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari on Tuesday in Abuja said he declared a state of emergency in the company to end bureaucracy and delay in decision making in crude oil and gas production.
Kyari who said this at the opening ceremony of the 23rd Nigeria Oil and Gas Conference and Exhibition (NOG Energy Week) disclosed that the company had recently “declared war” against all factors militating against crude oil production in Nigeria.
He lamented that while NNPCL has all it takes to combat the factors working against oil production in Nigeria, operations are affected by delays to a significant extent. He said his management had now resolved to work with all partners and stakeholders in ensuring that the battle is won.
Formerly a government-owned corporation, NNPC was transformed from a corporation to a limited liability company in July 2022 and became known as NNPC Limited. It is the only entity licensed to operate in the country’s crude oil production and partners with foreign oil companies to exploit Nigeria’s fossil fuel resources.
Kyari speaking at the NOG Energy. Week on Tuesday
