ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

NNPC commits to OPEC+ agreement, to focus on gas

13th January 2021
in Business, National
0
NNPC commits to OPEC+ agreement, to focus on gas
0
SHARES
102
VIEWS
Share on FacebookShare on Twitter

From Uche Usim, Abuja

The Nigerian National Petroleum Corporation (NNPC) on Wednesday reiterated its commitment to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilising the global oil market.

The Group Managing Director of NNPC, Mr Mele Kyari, stated this Wednesday while speaking at the ongoing virtual Gulf Intelligence “Global” UAE Energy Forum 2021.

Mr Kyari noted that despite the negative effects of the production cut on government revenue, it was the best step towards redeeming the value of hydrocarbon resources at the global market in the interest of all.

Speaking on the topic, “Outlook for Africa/Nigeria’s Oil & Gas Sector in Post-Covid Era”, Kyari said NNPC was hopeful that by the end of the year demand for crude oil would pick up and there would be a marginal increase in output, stressing that the Corporation was focusing more on gas, condensate and other revenue streams to tackle the revenue challenge arising from the OPEC+ production cut arrangement.

He explained that gas proved to be a steady and reliable revenue stream during the height of the COVID-19 pandemic in 2020, adding that gas production and utilisation would remain a key priority for the Corporation in 2021.

Earlier in his presentation, UAE Minister of Energy & Agriculture, HE Eng Suhail Mohamed Al Mazrouei appealed to all oil-producing countries not to flood the market with crude oil.

He said the UAE was at the moment more concerned about balancing the market forces of demand and supply in the global market than growing market share.

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

Tags: gulf intelligence global UAE energy forum 2021mele kyarinnpcoil marketoil-producing countriesOPECUAE Energy Forum 2021
David

David

Sun News Online team

Related Posts

Capt Hosa Okunbo is alive, death rumours wicked, malicious, family says
National

Capt Hosa Okunbo is alive, death rumours wicked, malicious, family says

19th January 2021
47.8 million NINs collected by mobile operators
National

47.8 million NINs collected by mobile operators

19th January 2021
Prof Elom emerges new VC AE-FUNAI
Education Review

Prof Elom emerges new VC AE-FUNAI

19th January 2021
Next Post
Onne Customs rakes in N118.9 billion in 2020

Onne Customs rakes in N118.9 billion in 2020

Makinde lists 128.5 km road projects, others for commissioning in 2021

Makinde lists 128.5 km road projects, others for commissioning in 2021

Gov Sule swears in 15 Nasarawa Commissioners with portfolios 

LG boss lauds Gov. Sule over development strides

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Insecurity: It’ll take North 100 years to recover – CONEPD

I’m duty-bound to transform NAUTH – Dr Ugboaja

FG urged to withdraw Talc products from Nigerian markets

Only restructuring will resolve Nigeria’s political imbalance – Jang

Osun: Police assure of rescue of kidnappers’ victim

Ogun: 3 dead, 5 vehicles burnt as petrol tanker explodes – FRSC

Trending

Capt Hosa Okunbo is alive, death rumours wicked, malicious, family says
National

Capt Hosa Okunbo is alive, death rumours wicked, malicious, family says

19th January 2021
0

From Tony Osauzo, Benin The family of Capt Wells Idahosa Okunbo has described as malicious and wicked,...

47.8 million NINs collected by mobile operators

47.8 million NINs collected by mobile operators

19th January 2021
Prof Elom emerges new VC AE-FUNAI

Prof Elom emerges new VC AE-FUNAI

19th January 2021
Insecurity: It'll take North 100 years to recover - CONEPD

Insecurity: It’ll take North 100 years to recover – CONEPD

19th January 2021
I'm duty-bound to transform NAUTH - Dr Ugboaja

I’m duty-bound to transform NAUTH – Dr Ugboaja

19th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist