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Home Featured

ExxonMobil Denies Plan to Leave Nigeria

by NationalInsight
June 25, 2024
in Featured, News
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The Managing Director, ExxonMobil Nigeria, Shane Harris, has declared that the oil major is not leaving Nigeria as claimed in some quarters, particularly after the oil firm’s proposed divestment of a 100 per cent interest in Mobil Producing Nigeria Unlimited to Seplat Energy Offshore Limited.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.

https://aouniversity.edu.ng/ https://aouniversity.edu.ng/ https://aouniversity.edu.ng/

“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.

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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.

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He highlighted the ministry’s focus on creating collaborations and sharing innovative ideas with international oil companies, stating that “we are dedicated to ramping up production and ensuring a supportive environment for all investors by doing everything possible to maintain investor confidence in our country.”

Lokpobiri commended the ExxonMobil team for their commitment in the Nigerian oil and gas sector, noting that it aligned perfectly with the nation’s objectives.

“ExxonMobil’s planned investments are commendable and greatly appreciated. This renewed relationship is a testament to the mutual goals we share for the future of our energy sector,” the minister stated.

The statement added that the discussions by both parties also touched on the ministry’s support for international and independent oil operators.

Lokpobiri assured Harris of the government’s support, emphasising the importance of creating a thriving environment for all stakeholders.

“We fully support ExxonMobil and other lOCs, just as we do with independent operators. Our collaborative efforts are key to the sustainable growth of our energy sector,” he stated.

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Tags: ABUJAExxonMobilExxonMobil NigeriaManaging DirectorMinister of State for Petroleum Resources (Oil)NIGERIASenator Heineken LokpobiriShane Harris
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