Nigeria's NNPC working with investors and partners to boost Nigeria capacity - CEO


Reuters | Updated: 03-10-2023 18:40 IST | Created: 03-10-2023 18:40 IST
Nigeria's NNPC working with investors and partners to boost Nigeria capacity - CEO

Nigerian National Petroleum Corporation (NNPC) is working with investors and partners to bring back substantial capacity in Nigeria to supply gas to the market, CEO Mele Kolo Kyari said on Tuesday.

In three-four years to come, Nigeria will be the gas hub in west Africa, he said during the ADIPEC energy conference in UAE's capital Abu Dhabi.

"What we're doing is to make the company ready for IPO," he added, "our law allows that over a period of time we can actually transform to become a quoted company … we can also sell equity in the company. So it's a massive process that requires transformation."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback