We’re Committed To Fostering Relationships Across Energy Value Chain -NNPC Ltd
By Sunday Etuka, Abuja
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its unwavering commitment to fostering meaningful relationships, driving excellence, and delivering value across the energy value chain.
Chief Corporate Communications Officer of the national oil company, Mr Olufemi Soneye restated this commitment on Monday at an Energy Relations Stakeholders Engagement Session held in Abuja.
He said, energy relations are the backbone of NNPC Ltd’s operations and strategic aspirations as an integrated energy company, noting that in a rapidly evolving global energy landscape, fostering strong relationships with stakeholders across the value chain was not just a priority but a necessity for achieving the company’s objectives.
Mr Soneye said the meeting underscored the company’s shared vision to ensure energy security, economic growth, and environmental stewardship for the benefit of all.
“Energy relations are more than a strategic tool—they are integral to our mission to deliver energy for today and tomorrow, driving value for our stakeholders and empowering our nation”, he added.
Soneye highlighted some of groundbreaking milestones achieved by the company under the visionary leadership of the Group Chief Executive Officer (GCEO), Mallam Mele Kyari, to include the restart of the Port Harcourt Refinery, championing the adoption of Compressed Natural Gas (CNG), declaration of profit for the first time in decades, amongst others.
In his words: “Under the visionary leadership of Mele Kyari, NNPC Ltd has achieved groundbreaking milestones, redefining the trajectory of Nigeria’s oil and gas sector.
“The restart of the Port Harcourt Refinery marks a significant turning point in Nigeria’s quest for energy self-sufficiency, reaffirming the company’s commitment to revitalizing the nation’s refining capacity.
“NNPC has also championed the adoption of Compressed Natural Gas (CNG) as an alternative energy source, offering Nigerians a cleaner and more cost-effective solution amidst rising global energy costs.
“A strategic decision to secure a $1 billion loan backed by NNPC’s crude was instrumental in supporting the Dangote Refinery during liquidity challenges, paving the way for the establishment of Nigeria’s first private refinery. This initiative underscores NNPC’s dedication to fostering public-private partnerships that drive national development.
“In a historic achievement, NNPC, under Kyari’s leadership, declared profit for the first time in decades, marking a significant financial turnaround. The company has already exceeded its profit projections for 2024, a testament to the transformative reforms he has implemented.
“Additionally, Kyari facilitated the $3 billion Gazelle loan, a critical intervention that helped stabilize the federation during a challenging foreign exchange crisis.”
He stressed that as a responsible energy company, NNPC Ltd continues to strengthen Nigeria’s energy sector while solidifying its legacy as a transformative force and a global game-changer.
Speaking in a presentation, the Head, Efficiency Unit of the Company, Arinze Okafor, said the company’s sights are set on deepening its global footprint of value in line with the overarching mandate to create an energy business that is profitable, resilient, and sustainable through the energy transition while ensuring domestic energy security.
He listed the following as some of the benefits for effective partnerships and collaboration with the company:
“Enhanced Business Opportunities: Collaborating with NNPC Limited provides stakeholders access to a broader market and potential contracts within the energy sector.
“Access to Resources and Expertise: Stakeholders can leverage NNPC’s extensive resources, including expertise and financial backing.
“Strengthened Community Relations: By partnering with NNPC , stakeholders can enhance their corporate social responsibility (CSR) initiatives.
“Contribution to Sustainable Development: Engage with NNPC allows stakeholders to participate in initiatives aimed at promoting sustainability within the energy sector.”
