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NNPC Seeks Collaboration With Foreign Investors

8 December 2017 National News News


The Nigerian National Petroleum Corporation (NNPC) has called on foreign investors to partner with the Corporation in its multi-billion dollar projects expected to come up in the New Year.

The Group Managing Director Dr. Maikanti Baru who made the call in London at the Forbes Award conferred on him, said the Corporation would be involved in a number of projects which would require international collaboration.

The GMD who had departed the UK, listed some of the mega projects that would be launched in the coming year to include: Bonga SW/Aparo; Zaba-zaba; Bosi; the 7 critical gas projects and gas pipelines; NLNG Train 7 plus expansion; possible divestment of Government Equity in JV and development of modular refineries amongst others.

Dr. Baru who averred that international collaboration between the NNPC and its partners was fast yielding results, added that within the last three (3) years, NNPC had secured about $3.7bn alternative financing agreements aimed at sustaining and increasing the national daily production and a boost in Foreign Direct Investments in Nigeria.

The GMD while commending the local and international lenders and the Joint Venture partners for their continued faith in Nigeria and their support towards providing the funding, thanked Forbes for the 2017 Africa Oil & Gas Man of the Year Award conferred on him,

While conferring the award on the GMD, a representative of Forbes, Mr. Mark Furlong, said the institution was celebrating an embodiment of hardwork, integrity and intelligence who was making giant strides in Nigeria’s oil and gas industry and beyond.


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