The Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition.
WITH Nigeria's oil production restricted to 1.74 million barrels per day by the Organization of the Petroleum Exporting Countries, OPEC, the Nigerian National Petroleum Corporation (NNPC) says it will focus on increasing gas and condensate productions to boost revenue for the country.
Airline travel will continue to suffer in the first half this year and will only recover, and jet fuel consumption with it, in the back half of 2021 according to oil trading giant Vitol
NNPC diversifying portfolio beyond oil assets – Kyari
Mr Kyari describes the corporation’s biggest take away from the COVID-19 pandemic as three-fold.
The
Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition.
Mele Kyari, Group Managing Director, NNPC made this known on Wednesday while speaking at the Gulf Intelligence “Global” UAE Energy Forum 2021.
The News Agency of Nigeria (NAN) reports that Mr Kyari spoke at the virtual event on the topic: “Outlook for Africa/Nigeria’s Oil and Gas Sector in Post-COVID Era.”
He said: “NNPC has recognised the impact of energy transition and is currently diversifying its portfolio beyond oil assets through domestic gas utilisation projects, support of research and innovation, solar investments, biofuels, infrastructure and energy policy support.