Monday 9 June 2014

NNPC Looks for More Markets in Europe

The Nigerian National Petroleum Corporation (NNPC) has said that it is searching for more markets on the European continent so as to generate maximum economic benefit from Nigeria’s gas resources.
According to a statement released on Sunday, from the corporation, the Group Managing Director, NNPC, Mr. Andrew Yakubu, disclosed this while playing host to a Belgian business delegation under the auspices of the Flanders Investment and Trade Mission in his office.
“Europe is a good market for gas. Incidentally, Belgium has important terminals such as the Port of Antwerp through which Nigeria hopes to get its gas to the rest of Europe. We are working on independently marketing our abundant gas resources to Europe,” Yakubu was quoted to have said.
The GMD who was represented by the Coordinator, Corporate Policy and Strategy, Dr. Tim Okon, said NNPC would strategically place itself to attract investments to boost the nation’s economy, adding that “gas is a strong mechanism for not only power generation and job creation, but also for growth and development.”
 
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