President Tinubu To Exxonmobil Executives: Executive Orders On Oil And Gas Reforms Will Make Nigeria Globally Competitive

Decades and urged the company to remain committed to contributing to the success of his administration. “We are close enough to be fair and blunt with you, and we are not afraid to hear from you on better options and recommendations for the growth of the industry in Nigeria,” the President said....Read The Full Story Here ▶

The meeting, also attended by Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), and Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), discussed issues such as divestment, decommissioning, and abandonment as regards the company.

“Mr. President has given a clear directive to the NNPC GCEO and I to resolve the issue of divestment, and we are doing whatever we can to achieve that,” Lokpobiri stated.

On decommissioning and abandonment in the oil industry, Lokpobiri noted that the ministry is addressing the matter in line with the Petroleum Industry Act (PIA) and global best practices.

“The reforms driven by the three Executive Orders will ensure that companies operating in Nigeria have the best environment to continue making their investments and that no company will seek to leave Nigeria,” the Minister said.

Liam Mallon, the President of ExxonMobil Upstream Company, expressed his appreciation for the support and reassurances provided by the Nigerian government and pledged the company’s long-term commitment to the country’s energy sector.

He also commended President Tinubu for his courage and conviction to undertake bold reforms within his first year in office.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

May 28, 2024

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