Our Oil Sector More Productive Now than Ever Before – Sen. Heineken Lokpobiri
The Minister of Petroleum, Sen. Heineken Lokpobiri, Ph.D. has stated that Nigeria’s oil sector is undoubtedly more productive today, with indigenous companies successfully acquiring assets previously held by International Oil Companies (IOCs) as they divest. This positive shift aligns with the vision of President Bola Ahmed Tinubu, who had directed that all divestment-related issues be resolved promptly.
The Minister highlighted this while receiving a delegation from Renaissance Africa Energy Holdings, led by the MD/CEO; Dr. Tony Attah, following their acquisition of Shell Petroleum Development Company of Nigeria’s (SPDC) assets. He conveyed the expectations of Nigerians, that this acquisition must translate into increased value, efficiency and national benefit.
While commending Renaissance for their strategic initiative, Sen. Lokpobiri charged them to swiftly align with our mission to increase production. This will ensure mutual profitability for both the company and the country. He also assured them of full support and once again commended President Tinubu’s visionary leadership that has made this transformation possible.