NNPCL, ExxonMobil sign agreement on $1 28bn asset divestment deal — National Accord Newspaper nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.
It is ridiculous to compare Aramco with NNPC Ltd peoplesdailyng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peoplesdailyng.com Daily Mail and Mail on Sunday newspapers.
Mele Kyari, the NNPC Group Managing Director, stated unequivocally in his maiden statement on the assumption of office on July 8, 2019, that the corporation’s business dealings and governance, under his watch, would be accountable to the 200 million Nigerians, whom he believes are the true stakeholders of the company.
In a major step towards bolstering Nigeria’s energy security and promoting the utilization of its abundant gas resources, the NNPCL and UTM Offshore Limited recently signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous Floating LNG project.
This investment is significant for Nigeria, as it aims to diversify its economy by developing its petrochemical industry and reducing its reliance on oil revenue. The deal is expected to create thousands of jobs, both directly and indirectly, thereby contributing to economic growth and social development in the country.