Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » NNPC encourages increased indigenous participation in upstream business

    NNPC encourages increased indigenous participation in upstream business

    April 18, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    Nnenna Ezeah

    18 April 2012, Sweetcrude, ABUJA – THE Nigerian National Petroleum Corporation, NNPC, is intensifying efforts to encourage indigenous participation in the upstream sector of the Nigerian oil and gas industry.

    The company said this was in effort to guarantee national security and to ensure that Nigeria derives more benefits from the exploration of its hydrocarbon resources.

    This declaration was made by NNPC’s Group Managing Director, Mr. Austen Oniwon, during a visit by a 23-man delegation of Faculty staff and top ranking military officers of the National Defence University of Pakistan to his office.

    Oniwon said it was in line with this commitment that two oil wells from which Shell Petroleum Development Company recently divested were ceded to indigenous companies to manage.

    He said developments around the globe dictated that nations encourage indigenous capacity in their upstream sector as international political developments might cause foreign upstream players to abandon their post, leaving an unprepared nation in a lurch.

    “NNPC was poised to enhance its participation in the upstream sector through its E&P company, the Nigerian Petroleum Development Company, which target is to increase its production from its current 80,000 barrels per day to 250,000 per day in 2015”.

    Related News

    Nigeria commits $200m to health, eyes BRICS partnerships

    Angola strengthens US energy, mineral ties with Sonangol-MIT cooperation agreements

    West Africa wants deals with US, but entry bans a barrier – Tuggar

    E-book
    Resilience Exhibition

    Latest News

    FG, States, LGCs share N1.659 revenue in May 2025

    June 22, 2025

    Military efforts slash crude oil theft, as Minister hails Armed Forces

    June 22, 2025

    Nigerian Navy cracks down on oil theft, arrests 76 vessels in two years

    June 22, 2025

    Rivers, Bayelsa left out as FG delivers life jackets to Kwara over boat mishaps

    June 22, 2025

    Nigeria commits $200m to health, eyes BRICS partnerships

    June 22, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.