The Nigeria Government has reiterated its commitment to ensuring a conducive environment for operators investing in the energy sector, with specific focus on the oil industry.
This assurance was made by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri Ph.D, during a meeting at the weekend with the President EP TotalEnergies, Mr. Nicolas Terraz, in Abuja.
The discussions focused on TotalEnergies’ desire to embark on further investments in Nigeria, particularly in the Bonga North Offshore project and joint ventures with Shell Petroleum Development Company (SPDC) and the Nigerian National Petroleum Company Limited (NNPCL).
Lokpobiri, while commending TotalEnergies for being a trusted and longstanding partner in Nigeria’s oil and gas sector, assured the company of the government’s unwavering support.
He emphasized that the Federal Government was fully committed to addressing any challenges that may have previously hindered investments, reaffirming Nigeria’s readiness to welcome more investments in the oil sector.
According to a statement by Nneamaka Okafor
SA Media and Communication to the Minister, it reads:“Every necessary assurance to investors must not only be given but must also be seen to have been made.
"We understand the importance of creating an environment where investors can confidently expand their operations, and I can assure you that the requests made by TotalEnergies in the past are being addressed."
"Nigeria remains ever ready and willing to facilitate more investments in the oil sector."
The Minister further reiterated government's dedication to ensuring that Nigeria remains a competitive and secure destination for global energy investments, noting that strategic partnerships with companies like TotalEnergies will play a critical role in sustaining growth and development in the sector.
The discussion marks another step in fostering long-term partnerships with international investors, aimed at boosting production and ensuring sustainable development in Nigeria’s energy sector.
Speaking earlier, Terraz disclosed that
the projects have recently received board approval noting that the company was working to finalize these deals by the end of the year.
Jr said:"“TotalEnergies is glad to see the positive steps taken by the Nigerian government in creating a conducive environment for business.
" We remain committed to further deepening our investments in Nigeria, especially with the opportunities that projects like Bonga North Offshore and our joint ventures with SPDC and NNPCL present."
Mr. Terraz expressed his company’s satisfaction with the Federal Government’s ongoing efforts to provide a stable and investment-friendly climate.
We are a news firm that is dedicated and committed to giving you crystal clear news from Niger Delta and all over the World.
Posts
No comments:
Post a Comment