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We’ve Not Unbundled NNPC- Kachikwu by Elose11(m): 5:30pm On Mar 09, 2016 |
ABUJA--Minister of State for
Petroleum Resources, Ibe
Kachikwu has stated that
government has not
unbundled the Nigeria
National Petroleum
Cooperation, NNPC yet.
Explaining the development
at the oil sector in an
interview with State House
correspondents after the
meeting of the Federal
Executive Council, FEC, at the
Presidential Villa, Abuja, the
minister who is also the
Group Managing Director,
GMD of NNPC, said that what
the cooperation did was
reorganization.
He said: "We have not
unbundled NNPC. We had a
press conference yesterday
where I explained this. What
we have simply done is
reorganisation. We have five
business entities focused on
business: Upstream,
Downstream, Refineries, Gas
and Power that are there
before.
"There is also Ventures that
capture all our little
companies that were not
having proper stewardship.
They are run by individuals
who report to the GMD. The
NNPC is still a whole. There is
nothing new that has
happened.
"I have tried to explain this
and I am sure the NNPC
workers are members of the
family, they will understand.
We are going to have a
meeting, and they will be
made to understand. Perhaps
the engagement has not
been good enough.
"NNPC has not been
unbundled in the sense of
breaking up NNPC into distinct
institutions. I am concerned. I
don't want the industry shut
down. I am sure we are going
to resolve the issues very
soon" |
Re: We’ve Not Unbundled NNPC- Kachikwu by Kondomatic(m): 5:32pm On Mar 09, 2016 |
Elose11:Where's your source? Abi U be an ear witness? |
Re: We’ve Not Unbundled NNPC- Kachikwu by Elose11(m): 5:34pm On Mar 09, 2016 |
A govt of flip-flops by the confused and for the zombies! What do we believe? We are on a long thing! Let's brace up! |
Re: We’ve Not Unbundled NNPC- Kachikwu by Mynd44: 5:39pm On Mar 09, 2016 |
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