By Chukwuemeka Umesi
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A group of former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC) has expressed concern that the company releases limited information about its operations, leading to misleading commentary.
In a communique issued after a CEO Forum hosted by the NNPC, the former GMDs stated that the limited information has led to a lack of understanding of the company’s activities.”We noted that limited information is in the public domain on NNPC’s operations since the transition to a private commercial entity.
This has led to misleading commentary which we believe is not in tandem with the strides achieved by the company,” the communique stated.The former GMDs, who attended the forum along with senior management staff, expressed their unwavering support for the current leadership of the NNPC and their efforts in advancing the company’s strategic objectives across key sectors.
“We obtained insights into NNPC’s business activities in the context of global energy industry dynamics, strategic aspirations and operational updates. In particular, the oil and gas production growth plan, gas infrastructure project delivery plan, progress on refinery rehabilitation and issues related to petroleum product supply and energy security were discussed,” the communique read.
The ex-NNPC bosses commended Mele Kyari, the current GMD, for his efforts in implementing the Petroleum Industry Act (PIA) and acknowledged the progress made, despite the limitations.”We commend Mele Kyari as the first Group CEO to implement the PIA and noted with satisfaction the progress made with the hope that its limitations will be addressed over time.
We also acknowledge with satisfaction the significant progress made in increasing crude oil and gas production; funding of upstream operations and investments; gas supply and infrastructure development for domestic and export including CNG and LPG delivery; refineries rehabilitation progress; reduction in carbon emissions and commercialisation of Nigeria’s vast gas resources,” the communique stated.
The former GMDs expressed satisfaction with the achievements recorded and encouraged the management team to continue advancing strategies to improve operations, grow portfolios, and manage talent.They also expressed satisfaction over the continuation of the policy on recruitment, which considers diversity and inclusion, and performance-based career progression via a transparent process.
However, the ex-NNPC bosses empathised with the NNPC management team over the challenges faced in onshore operations, including oil theft and illegal refining.”We reiterate that any attack on crude oil and gas facilities as well as illegal
NNPC Ex-Bosses: Limited Information About Operations Leads to Misleading Commentary
By Chukwuemeka Umesi
Kindly share this news
A group of former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC) has expressed concern that the company releases limited information about its operations, leading to misleading commentary.
In a communique issued after a CEO Forum hosted by the NNPC, the former GMDs stated that the limited information has led to a lack of understanding of the company’s activities.”We noted that limited information is in the public domain on NNPC’s operations since the transition to a private commercial entity.
This has led to misleading commentary which we believe is not in tandem with the strides achieved by the company,” the communique stated.The former GMDs, who attended the forum along with senior management staff, expressed their unwavering support for the current leadership of the NNPC and their efforts in advancing the company’s strategic objectives across key sectors.
“We obtained insights into NNPC’s business activities in the context of global energy industry dynamics, strategic aspirations and operational updates. In particular, the oil and gas production growth plan, gas infrastructure project delivery plan, progress on refinery rehabilitation and issues related to petroleum product supply and energy security were discussed,” the communique read.
The ex-NNPC bosses commended Mele Kyari, the current GMD, for his efforts in implementing the Petroleum Industry Act (PIA) and acknowledged the progress made, despite the limitations.”We commend Mele Kyari as the first Group CEO to implement the PIA and noted with satisfaction the progress made with the hope that its limitations will be addressed over time.
We also acknowledge with satisfaction the significant progress made in increasing crude oil and gas production; funding of upstream operations and investments; gas supply and infrastructure development for domestic and export including CNG and LPG delivery; refineries rehabilitation progress; reduction in carbon emissions and commercialisation of Nigeria’s vast gas resources,” the communique stated.
The former GMDs expressed satisfaction with the achievements recorded and encouraged the management team to continue advancing strategies to improve operations, grow portfolios, and manage talent.They also expressed satisfaction over the continuation of the policy on recruitment, which considers diversity and inclusion, and performance-based career progression via a transparent process.
However, the ex-NNPC bosses empathised with the NNPC management team over the challenges faced in onshore operations, including oil theft and illegal refining.”We reiterate that any attack on crude oil and gas facilities as well as illegal