Buhari To Take Advantage Of PIA To Enhance Investment

President Muhammadu Buhari has urged operators in the petroleum industry to take advantage of the new Petroleum Industry Act PIA to promote their investments in the oil and gas sector.

The president made the call at an audience with a team from ExxonMobil Corporation led by Liam Mallon, its President on Upstream Oil and Gas, at State House Abuja.

President Buhari also urged the ExxonMobil chief to collaborate on a bigger scale with the NNPC to realize the full potentials of the abundant gas resources in Nigeria.

He commended his guests for their commitment to continue to be a bigger player in the downstream sector of the petroleum industry.

Mallon had told the President that ExxonMobil, which has done business in Nigeria for over 60 years, remained as committed and strong as ever, though it was divesting from the Joint Venture with NNPC.

The ExxonMobil boss commended the president on the successful way the country handled the COVID-19 pandemic, and also for the passage of the Petroleum Industry Bill.

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