We’ll Make IOCs Pay for Environmental Damages—Kyari
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited has assured Nigerians that it would do all in its power to make sure international oil companies (IOCs) do not abandon environmental damages in their respective areas of operations as they pursue their energy transition agendas.
The Chief Executive Officer of NNPC, Mr Mele Kyari, while speaking on the sideline of the just-concluded 2022 Nigerian International Energy Summit (NIES) in Abuja, explained that there was a need for oil companies operating in Nigeria to add value to the environment by keeping it clean.
“The federal government will make sure that our partners don’t abandon the environmental damages they caused, and we are sure our partners also agree. We have to add value to lives in our environment by keeping it clean,” he said.
His assurance came following recent various energy transition divestment moves by most IOCs operating in Nigeria.
The NNPC CEO impressed that “energy transition is real”, saying that the federal government must take steps by localising business in preparation for divestment targets by the IOCs.
According to him, the easiest way to create wealth towards transition is to increase crude oil production, adding that NNPC is working towards achieving such a milestone.