Top Stories

ExxonMobil Speaks On Leaving Nigeria

The Managing Director of ExxonMobil Nigeria, Shane Harris, has insisted they are not leaving Nigeria despite the rumours.

Especially following their proposed divestment of a 100% interest in Mobil Producing Nigeria Unlimited to Seplat Energy Offshore Limited.

Advertisement

Harris, who disclosed this at a meeting with the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, in Abuja, stated that ExxonMobil is currently carrying out new investments in the oil and gas sector in Nigeria.

The Special Assistant on Media and Communications to the petroleum minister, Nneamaka Okafor, disclosed this in a statement issued in Abuja on Monday.

Advertisement

“During the meeting, Mr Harris hinted at significant new investments that ExxonMobil is injecting into Nigeria’s energy sector.

“He expressed confidence in the renewed relationship between ExxonMobil and the Nigerian government, assuring the government that the oil giant is not planning to leave Nigeria,” the statement read.

Advertisement

It further quoted the ExxonMobil boss as saying, “We are excited about the prospects these new investments bring. Our partnership with the Nigerian government is crucial for sustainable growth, and we look forward to continuing our collaboration as we have no plan to leave.”

On his part, Lokpobiri reaffirmed the Federal Government’s commitment to enhancing production and fostering a conducive environment for investors in the energy sector.

Advertisement
citynews

Recent Posts

Some Of Tinubu’s Appointees Not Interested In Developing Nigeria – Galadima

A chieftain of the New Nigeria Peoples Party (NNPP), Buba Galadima, has called for a change…

14 hours ago

Tinubu Wasn’t The Person Who Removed Fuel Subsidy – Dogara

Former Speaker of the House of Representatives Yakubu Dogara on Friday said President Bola Tinubu…

15 hours ago

Fresh Details Emerge On How Bobrisky Spent Jail Term In Kirikiri Special Cell

More details emerged on Friday on what transpired during the six-month jail term of popular…

15 hours ago

#USDecides2024: Trump says if elected president he’ll get gas prices under $2 a gallon. Is that possible?

Donald Trump vows the price of gasoline will drop under $2 a gallon if he’s…

15 hours ago

BREAKING: EFCC Arrests Former Governor Over Alleged Fraud

Operatives from the Economic and Financial Crimes Commission (EFCC) have reportedly apprehended Darius Ishaku, a…

1 day ago

ALEBIOSU REITERATES THE POSITIVE ROLE OF FINANCIAL INCLUSION IN POVERTY ERADICATION AT UNGA ‘79

Lagos, 27 September 2024 – In an exclusive interview with Arise TV on the sidelines…

2 days ago