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Nigeria To Become Net Exporter Of Petroleum Products By Year End – NNPCL

by Nafisat Abdulrahman
12 months ago
in News
NNPCL
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The Nigerian National Petroleum Company Limited (NNPCL) has announced that the country was set to become a net exporter of petroleum products by the end of the year.

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This was revealed by NNPCL Group CEO, Mr. Mele Kyari, during an Emergency Interactive Session with managers of the nation’s economy organised by the Senate Committee on Finance at the National Assembly in Abuja on Monday.

The session, led by the Senate Committee chairman, Senator Muhammed Sani Musa, was convened to address pressing economic issues.

Mr. Kyari’s remarks were shared on NNPC’s official Facebook page on Tuesday, accompanied by photos from the event.

In his statement, Kyari said, “Based on emerging indicators and developments in the energy sector, Nigeria will be a net exporter of petroleum products by the end of the year.”

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He highlighted the recent increase in crude oil production, attributing it to Executive Orders issued by President Bola Tinubu and the concerted efforts of NNPCL and other industry stakeholders to combat low crude oil production.

Kyari assured that NNPC Limited remained committed to its mandate of ensuring national energy security as outlined in the Petroleum Industry Act (PIA) 2021.


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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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