Abuja — Mobil Producing Nigeria (MPN) says it has reach agreement with the federal government to renew its joint venture lease with the Nigerian National Petroleum Corporation (NNPC).

Executive Director, Public Affairs of the company, Gloria Essien-Danner said this in a statement made available to Daily Trust.

She said, ExxonMobil, through the MPN and its other operating entities in Nigeria has enjoyed a mutually beneficial relationship with NNPC and the Nigerian people for over 40 years.

"During this time, our projects have not only generated significant income for Nigeria but also promoted economic and social development in the country. We look forward to continuing this mutually beneficial relationship well into the future", she said.