The Nigerian National Petroleum Company Limited (NNPC Limited) is poised to grow its fuel retail presence from 547 to over 1,500 outlets within the next six months.
Group Chief Executive Officer of NNPC Limited, Mele Kyari, on Tuesday in Abuja at the unveiling of the new company, announced that the firm had adopted a strategic initiative to achieve the mandate of energy security for the country.
Kyari said NNPCL will roll out a comprehensive expansion plan to grow its fuel retail presence from 547 to over 1500 outlets within the next six months.
He assured stakeholders and the global energy community that the new company was endowed with the “best human resources one can find anywhere in the industry.”
“NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world,” he said.
Buhari unveils Africa’s largest oil coy, tasks NNPCL on value delivery
At the unveiling, President Muhammadu Buhari affirmed that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed.
Speaking at the unveiling held at State House Conference Centre, Abuja, the President said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.
He expressed optimism that the NNPC Limited will sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and free from institutional regulations such as the Treasury Single Account (TSA).
Minister of State for Petroleum Resources, Timipre Sylva, described the unveiling of NNPC Limited as a new dawn in the quest for the growth and development of the Nigerian Oil and Gas Industry, opening new vintages for partnerships.
He thanked the President for his unparalleled leadership, steadfastness, and unalloyed support towards ensuring that the country’s oil and gas industry is on a sound footing.
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