Nigeria: 'New NNPC Appointments to Spur Reserves' Increase, Reforms'

Lagos and Abuja — Stakeholders in the oil and gas sector have expressed confidence in the appointment of a new management team for the Nigerian National Petroleum Corporation (NNPC), describing it as a move to shore up reserves and reposition the corporation.

Petroleum Technology Association of Nigeria (PETAN) Chairman, Bank Anthony Okoroafor, said the appointment of a new team for the NNPC shows that the administration wants to build oil reserves, and is serious about repositioning the petroleum industry, especially the state-owned oil company.

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