BREAKING NEWS, Oil & Gas
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THE Nigerian National Petroleum Corporation, NNPC, and the Nigerian Liquefied Natural Gas, NLNG, have promised to continue to work together in order to promote their business interest in the hydrocarbon value chain and overcome the challenge of militancy and dwindling oil and gas prices.
Maikainti Baru, group managing director of the NNPC, stated this while receiving Anthony Attah, new managing director of the NLNG, at the NNPC Towers in Abuja.
Baru described the NLNG business model as successful experience so far, noting that the NNPC as a major stakeholder would continue to provide all the necessary support for the growth and development of the company.
He urged the new managing director of NLNG to always consult with NNPC when the need arises so they can be on the same page.
The NNPC GMD said despite the challenging period in the Nigerian oil and gas industry, the NNPC and the NLNG will continue to work together to make the companies move forward in the hydrocarbon value chain.
Responding, Attah congratulated Baru on his well deserved appointment, stressing that the NLNG remains the best run oil and company in Nigeria and Africa.
Similarly, Babs Omotowa, outgoing Managing Director of NLNG, described the GMD as a technocrat with exceptional quality and several years of cognate experience in the Oil and Gas Industry.
Omotowa expressed optimism that the Oil and Gas industry under the steer of Baru as helmsman of NNPC will move to the next level.
He applauded the NNPC for all the support it has extended to the NLNG over the years and sued for maximum support for the in-coming MD of the NLNG.
The Nigeria LNG Limited was incorporated as a limited liability company on May 17, 1989, to produce LNG and natural gas liquids, NGL, for export. Nigeria LNG Limited is jointly owned in the following proportions: Nigerian National Petroleum Corporation (NNPC) owns 49 percent, Shell Gas B.V. owns 25.6 percent, Total LNG Nigeria Ltd owns 15 percent and Eni International owns 10.4 percent.
— Jul 26, 2016 @ 19:55 GMT
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