LAGOS – The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to continue to supply 10 per cent of India’s crude oil demand in the face of competing demand for the product from other countries.
Mallam Mele Kyari, the Group Managing Director of the NNPC, gave the commitment during a visit by the Indian High Commissioner to Nigeria, His Excellency Abhay Thakur.
He said Nigeria, through the corporation, would continue to support India’s energy security, adding that the recent Memorandum of Understanding in the area of energy between Nigeria and India would be consummated to further strengthen the bilateral relations between the two countries.
He said NNPC was desirous of growing the energy cooperation with India and that it was time to progress from just talking to walking the talk.
He added that India was a very important market and that NNPC would ensure that the current volume of crude oil supply from Nigeria to India is secured for the collective interest of both countries.
“We are ready to have a robust engagement with the Indian trade team to provide a win-win energy scenario between us. Every trade opportunity that is available will be fully explored,” Mallam Kyari posited.
He also maintained that there were lots of untapped investment opportunities in the nation’s Liquefied Petroleum Gas (LPG) and expressed the willingness of NNPC to aggressively improve LPG infrastructure and consumption in the country.
In his remarks, the Indian High Commissioner to Nigeria, His Excellency Abhay Thakur, thanked the management of the corporation for the recent renewal of the crude oil term contracts for three Indian companies and sued for increment in the crude oil supply in view of the increasing energy needs of India.
The post Nigeria To Supply 10% Of India’s National Crude Oil Demand appeared first on Independent Newspapers Nigeria.
Source: Independent
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