By Femi Alabi.
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Haitham al-Ghais, has urged The Nigerian National Petroleum Company Limited (NNPCL)
to do everything possible to raise its production level so as to continue to be a reliable source of energy to the world.
He stated that in spite of the pushback on oil and gas, the world would require about $14tr investments from now till 2035 to be able to meet global demand.
In a statement by the Chief Corporate Communications Officer of
NNPCL, OPEC and NNPCL have promised to work closely to achieve the nation’s aspirations to attract investments and grow production.
The two organizations came to this agreement when the Secretary General of OPEC, Haitham al-Ghais, paid a courtesy visit to the Group Chief Executive Officer of NNPCL, Mele Kyari, at the NNPC Towers on Wednesday.
Speaking at the event, al-Ghais stated that OPEC was completely aligned with NNPCL’s vision as captured in its payoff line: “Energy for Today, Energy for Tomorrow” because of its inclusive view of energy as opposed to the view being pushed in some quarters that some sources of energy were bad.
“We will continue to ensure that the market is stable. The global market has to be stable in order for Nigeria to be able to attract investors. If there’s volatility, if there’s no stability in the market, it will only create havoc for everybody, whether a producer or consumer country. So, we will continue to do that in OPEC. We count on Nigeria’s support”.
In his remarks, Kyari said NNPCL is working hard to recover lost production and provide the right fiscal environment to attract investments.
He expressed appreciation to OPEC for its support to Nigeria, adding that NNPCL will continue to support the organization in whatever way it could.