The Nigerian National Petroleum Corporation (NNPC) on Thursday expressed its readiness to maintain the supply of 10 per cent of India\u2019s crude oil demand in the face of competing demand for the product from other countries.<\/p>\n
Its Group Managing Director, Mele Kyari, disclosed this during a visit by the Indian High Commissioner to Nigeria, Abhay Thakur.<\/p>\n
Kyari stated that Nigeria, through the Corporation, would continue to support India\u2019s energy security, adding that the recent Memorandum of Understanding in the area of energy between Nigeria and India would be consummated to further strengthen the bilateral relations between the two countries.<\/p>\n
He stated that NNPC was desirous of growing the energy cooperation with India and that it was time to progress from just talking to walking the talk.<\/p>\n
He said India was a very important market and that NNPC would ensure that the current volume of crude oil supply from Nigeria to India is secured for the collective interest of both countries.<\/p>\n
\u201cWe are ready to have a robust engagement with the Indian trade team to provide a win-win energy scenario between us. Every trade opportunity that is available will be fully explored,\u201d Mallam Kyari posited.<\/p>\n
He averred that there were lots of untapped investment opportunities in the nation\u2019s Liquefied Petroleum Gas (LPG) and expressed the willingness of NNPC to aggressively improve LPG infrastructure and consumption in the country.<\/p>\n
Earlier, the Indian High Commissioner to Nigeria, Thakur, thanked the management of the corporation for the recent renewal of the crude oil term contracts for three Indian companies and sued for increment in the crude oil supply in view of the increasing energy needs of India.<\/p>\n
He disclosed that India was ready to provide credit line mechanisms and expertise to help NNPC revamp its massive infrastructure across the country.<\/p>\n
\u201cIndia is prepared to offer Nigeria and particularly the NNPC a credit line mechanism to help her in the areas of refinery maintenance, construction, security, surveillance and anything possible. Our expertise in Information Technology (IT) is available as well. We are ready to cooperate with NNPC to boost our bilateral relations,\u201d Thakur asserted.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nigerian National Petroleum Corporation (NNPC) on Thursday expressed its readiness to maintain the supply of 10 per cent of India\u2019s crude oil demand in the face of competing demand for the product from other countries. Its Group Managing Director, Mele Kyari, disclosed this during a visit by the Indian High Commissioner to Nigeria, Abhay […]<\/p>\n","protected":false},"author":62,"featured_media":5744,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[713,246,106,434],"class_list":["post-13100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-abba-kyari","tag-community","tag-economy","tag-nnpc"],"yoast_head":"\n