Leaders from both international and indigenous oil companies have reached a consensus on key issues regarding domestic crude oil supply obligations.
The agreement was reached during a meeting convened by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, with members of the Oil Producers Trade Section in Abuja on Thursday.
The meeting, which sought to address misunderstandings about the Nigerian Upstream Petroleum Regulatory Commission’s regulation concerning domestic crude oil supply, brought together stakeholders from various arms of the oil industry.
Part of those in attendance include the Chief Executive Officer, Frontier Oil, Dada Thomas; Chairman, AA Holdings & EVC Platform Petroleum, Austin Avuru; CEO Green Energy, Anthony Adegbulugbe; and CEO Aradel, Adegbite Falade.
Other include the CEO of Seplat, Rogers Brown, Chief Operating Officer, Seplat, Samson Ezugworie; CEO of Oriental Energy, Mustafa Indimi; CEO of Newcross, Victor Sodje and Executive Coordinator of IPPG Secretariat, Oyeleke Banmeke.
The leadership of the Independent Petroleum Producers Group, executive commission members, and representatives from international oil companies were also in attendance.
