The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr Mele Kyari, has said that the company is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply.
He also said that it is determined to sustain the naira-for-crude transactions in order to stabilize the local currency and regulate forex markets.
Kyari also said the national oil company’s plans to unveil 12 Compressed Natural Gas (CNG) and mini LNG plants stations to boost the existing 1.6bscf of gas supply for domestic market, within the shortest possible time.
He said that the development is consistent with the company’s commitment to addressing Nigeria’s energy trilemma by prioritising energy security, sustainable growth and affordable energy solutions.
Kyari, who stated these at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos, on Monday, November 11, 2024, said the energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future.
The NNPC Ltd GCEO, who was Special Guest of Honour at the occasion, said the Corporation is working tirelessly to improve the supply chain, develop new refining capacities and expand its retail network.
