President Buhari to Unveil New NNPC in July

Nigeria’s President Muhammadu Buhari is set to unveil a new Nigerian National Petroleum Company Limited, NNPCL on July 18, 2022.

This was stated by Group Managing Director and CEO of NNPCL, Mele Kyari on Monday while addressing participants at the ongoing 8th African Petroleum Congress and Exhibition (#CAPEVIII) in Luanda, Angola, according to social media updates by NNPCL.

He said, “The new NNPC will be unveiled on the 18th of July 2022 by our president and I invite you to join us in Abuja for this historic event as we create the largest corporate entity in Africa.”

With the new Petroleum Industry Act (PIA), the defunct Nigerian National Petroleum Corporation transited to a corporate firm that was incorporated by the Corporate Affairs Commission (CAC) in September 2021 with registration number: RC — 1843987.

Board members for NNPCL were appointed in January this year, led by the board Chairman Senator Margery Okadigbo.

Kyari was accompanied by the Group Executive Director (GED) Exploration & Production, Engr. Adokiye Tombomieye and the Managing Director, Nigerian Gas Company (NGC), Engr. Seyi Omotowa at the event.

The theme of the congress is: “Energy Transition and the future of the Oil and Gas industry in Africa: Opportunities, challenges and development.”

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