The Senate Committee on Petroleum Resources (Upstream) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd) for repositioning the Nigerian oil and gas industry into a competitive business environment.
According to a statement signed by Garba Deen Muhammad, Group General Manager, Group Public Affairs Division NNPC Limited,, the Chairman of the Committee, Senator Bassey Albert Akpan, gave the commendation when he led members of the Committee on an oversight visit to the NNPC Towers, Abuja, on Tuesday.
Senator Akpan said the visit offered the lawmakers the opportunity to have firsthand information about Management’s actions in transitioning from a Corporation into a limited liability company in compliance with the Petroleum Industry Act (PIA).
Earlier, the Chief Executive Officer of the NNPC Ltd, Mallam Mele Kyari, informed the lawmakers that the Company is well primed to meet the growth trajectory envisaged in the PIA, stressing that it has received very positive commercial assurances from investors and partners across the globe.
