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Boost Collaboration With Indigenous Oil & Gas Companies – Buhari Tells NNPC

NNPC

President Muhammadu Buhari has commended the determination of indigenous companies operating in the oil and gas sector to increase the participation of Nigerians in the country’s oil industry and assured them of the full support and protection of his administration.
During a meeting on Wednesday with members of the Independent Petroleum Producers Association (IPPA) in the Presidential Villa, Buhari promised to do all within his power to address the challenges which currently confront them.
Mallam Garba Shehu, Senior Special Assistant to the President on Media and Publicity, said in a statement that Buhari also directed the management of Nigerian National Petroleum Corporation (NNPC) to work more closely with the indigenous oil producers to resolve the problems which they said were adversely affecting their operations.
“We have the manpower for a more effective participation in our oil industry. We will give you all possible encouragement. You certainly won’t be ignored under my leadership,” the President said.
The association comprises about 20 Nigerian companies operating mainly on onshore fields.
The President assured the oil producers that his administration would take appropriate actions to maintain and enhance security in their areas of operation, noting that better security would help to lower production costs which have become unnecessarily high in the country.
Mr. Austin Avuru, who spoke on behalf of the IPPA producers, told the President of challenges currently being faced by their businesses such as security and the funding of joint ventures with the NNPC.

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