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Stability in oil and gas sector excites President Buhari, says NNPC boss

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NNPC will remain globally competitive, says Baru

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr Maikati Baru, on Tuesday briefed President Muhammadu Buhari on the activities of the corporation and its subsidiaries.

Addressing State House correspondents after a closed door meeting with the president in the Presidential Villa, Abuja, Baru said he briefed the Buhari on the relative stability in the nation’s oil and gas sector in recent time.

The NNPC boss said that he informed the president on the situation of fuel supply across the country, crude oil and gas productions as well as the corporation’s ability to supply gas to the power sector.

He said the president expressed delight over the reported stability in the oil and gas sector.

“I briefed Mr President on the state of the NNPC and its subsidiaries and also nationally to get him briefed on the situation of fuel supply, crude oil productions, gas production and by extension, ability to supply gas to the power sector.

“We had an extensive briefing as you could see; I passed here over two hours. I spent quite some time with him to discuss these national issues.

“He was happy with the state of the corporation and told us to continue with the efforts that we are doing and if we need any executive attention we should not hesitate to come back to him.

Baru disclosed that following the peace and stability being enjoyed in the nation’s oil and gas sector, the nation this morning (May 2) had recorded two million barrels of crude oil production.

He said the NNPC had no plan to increase the prices of its products as being speculated.

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