OPEC promise to partner with NNPCL

NNPCL and the Organization of the Petroleum Exporting Countries (OPEC) on Wednesday pledge to cooperate to realize Nigeria’s aspirations to attract investment and increase production.

The two organizations reached this agreement when the Secretary-General of OPEC, Haitham Al-Ghais, paid a courtesy call on the Group’s CEO, NNPCL, Mele Kyari, at the NNPC Tower in Abuja.

Speaking at the event, Al Ghais said OPEC is fully aligned with NNPCL’s vision, as expressed in its earnings stream: “Energy Today, Energy for Tomorrow.”

He added that this is due to the oil company’s comprehensive view of energy, in contrast to the prevailing view in some areas that some energy sources are bad.

He revealed that despite the resistance to oil and gas, the world will need to invest about $14 trillion between now and 2035 to meet global demand, and called on NNPCL to do everything possible to take advantage of this opportunity to increase its capabilities. production.

“We will continue to ensure that the market is stable. The global market has to be stable in order for Nigeria to be able to attract investors. If there’s volatility, if there’s no stability in the market, it will only create havoc for everybody, whether it’s a producer or consumer country.

“So, we will continue to do that in OPEC. We count on Nigeria’s support”. The OPEC helmsman stated.

In his remarks, Kyari said NNPCL is making great efforts to restore lost production and provide the right financial environment to attract investments.

He expressed his appreciation to OPEC for its support to Nigeria, adding that the Nigerian National Petroleum Corporation would continue to support the organization in all possible ways.