Chief Executive Officer, Nigerian National Petroleum Company NNPC, Mele Kyari, says the newly passed Petroleum Industry Act PIA will attract more business Investments in Nigeria.
Kyari gave this assurance at the ongoing World Petroleum Congress on Wednesday, in Houston, Texas.
Kyari spoke on the theme tagged “Building Partnership”, which he described as a key aspect of the oil industry’s operating model.
Kyari said that Nigeria and indeed NNPC had a long history of contributing to global energy security and sustainable partnerships, which is premised on commitments and trust that have been built together with partners for well over 50 years.
He added that Nigeria had renewed its commitment to attracting investments in the oil and gas Industry by the recent passage of the Petroleum Industry Act 2021.
He said that the Act provides the needed improvements in fiscal and governance frameworks, emphasizes transparency and accountability as well as provides a level playing field for all players.
