”NNPC becoming more efficient and the signs are positive” – Oil industry experts reveal

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Oil experts have stated that recent criticisms of the Nigerian National Petroleum Corporation fail to account for the complexities and challenges the organization has faced over the years. Simplistic views often overlook the deeply rooted issues that preceded the Petroleum Industry Act and the tenure of Mele Kyari.

''The NNPC bore the brunt of subsidy costs for years, often without reimbursement, leaving it financially crippled and unable to invest adequately in necessary infrastructure and exploration activities. ''Noteworthy is the Project Ubeta Gas development initiative in Port Harcourt, a $550 million venture with Total as a partner, despite recent disparaging remarks from Total's local CEO about Nigeria.''

 

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