Non-passage of petroleum bills limiting oil investments – NNPC

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The Nigerian National Petroleum Corporation has said the volume of foreign investment flow into the country will not be as robust as it should be until the petroleum legislation for the oil and gas sector is passed.

The NNPC Group Managing Director, Mele Kyari, said this during a visit of the national executive officers of the Nigerian Guild of Editors led by its President, Funke Egbemode, to the oil firm’s boss in Abuja on Thursday.

“The petroleum legislation has been lingering since 1999 and we are aware that the current Federal Government is committed to the passage of this very important legislation. We need the NGE’s help to get the petroleum bill passed through sufficient enlightenment of the National Assembly and all other stakeholders.”Kayari said.

“We recognise that together with the NGE, we have work to do. We promise that we are going to be transparent and accountable to all our shareholders who are the over 180 million Nigerians. We have the responsibility to make sure that the NNPC works for all of us,” he said.

Kyari made this known during a courtesy visit by the Ambassador of the Republic of Turkey to Nigeria, Melih Uluren, at the NNPC Towers on Thursday.

The national oil firm expressed its desire to extend Nigeria’s trade relations with Turkey beyond crude oil.

 




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