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FG to attract investors to oil and gas sector, NNPC


The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, will today address the foreign investors on the opportunities prevalent in the Nigerian oil industry at the CERAWeek.

NNPC disclosed this through its spokesman, Mr Ndu Ughamadu, in Abuja, on Tuesday. He said that Baru would speak during a Special Session entitled: “Africa: Foundations for New Investment.”

Ughamadu said the GMD would be joined by some African petroleum ministers, heads of National Oil Companies (NOCs) and other global energy industry leaders.

“He is expected to discuss the abundant investment opportunities in Nigeria’s Oil and Gas Industry, particularly providing meaningful insights into key investment initiatives as they affect the country’s emerging capital projects within the oil, gas, power and the renewable energy sector,” he said.

According to him, Baru will be among African Oil and Gas Industry leaders, who will join the US Energy Secretary, Rick Perry, in a private Government-to-Government meeting.

CERAWeek, an international energy conference taking place in Houston, United States is organized by HIS Markit and it is a global platform on energy trends and public policy where over 4,000 oil and gas experts convene annually to debate the future of oil, natural gas, renewable energy, power and new technologies.

The theme for this year is, “New World of Rivalries: Reshaping the Energy Future” and will is to hold from 11th to 15th of March. The edition is expected to host U.S. Secretary of State, Mike Pompeo; OPEC Secretary General, Mohammed Sanusi Barkindo and the Crown Princess of Denmark, Mary Elizabeth among others as speakers.

Ughamadu added that the discussion of the meeting would be on trade engagement between the US and African countries.

Source PmNewsNigeria
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