The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to comply to the nation's local content laws to further strengthen their country-wide value addition in the oil and gas sectors
The Nigerian National Petroleum Corporation (NNPC) has continued to reiterate its ongoing commitment to the national laws to further strengthen in-country value additional in the oil and gas industry.
On 15 December 2016, the Petroleum technology Association of Nigeria (PETAN) hosted the 2016 Oil Industry Achievement Awards and Dinner in Lagos. This is where group managing director of the NNPC, Dr Maikanti Kacalla Baru, reiterated the corporation's commitment to the local economy.
Dr. Baru spoke on the theme “Local Content Compliance in an Extended Low Oil Price Environment,” at the event and observed that over the years, NNPC has been at the forefront of championing local content even before the enactment of the Local Act in 2010.
“In our determination to maximize participation of Nigerians in our projects and domicile project activities in-country, we in the NNPC have been implementing the Nigerian Content Policy as enshrined in the Nigerian Oil and Gas Industry Content Development Act even before the enactment of the act in 2010,” he said.
“That was why we called for a fresh approach to domesticating oil and gas industry spend through the establishment of the Nigerian Content Division with the aim of implementing key national content initiatives,” he added.
Shortly after his speech at the occasion, the GMD was honoured with the Distinguished Leadership Award by PETAN, a feat he dedicated to all NNPC staff and the entire PETAN service providers.