Daily Independent (Lagos)
Chesa Chesa
17 November 2008
Abuja — President Umaru Yar'Adua has assured international oil companies operating in Nigeria of adequate protection of their interests in the ongoing reform of the petroleum sector.
"I assure you that as we reform the national oil company, we will take into account the mutual interests of the international oil companies and the Federal Government.
"The reforms meant to restructure our national economy will be a win-win situation for Nigeria and the oil companies", he stated on Monday at the State House when he received an eight-man delegation from Exxon Mobil, led by its President, Rich Kruger.
Yar'Adua noted that Nigeria had enjoyed a long relationship with the companies, adding that "we will ensure mutual consultation, so that we can transform our national oil company without upsetting the relationship we have with our partners".
Kruger had briefed the President on current activities of Exxon Mobil in Nigeria, the company's plans for more investments in the oil sector and further areas of mutual interest.
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