No plan to exit Nigeria, says Chevron
15 January 2023 |
2:23 am
Chevron Nigeria Limited (CNL) has debunked the report alleging that it plans to exit Nigeria. The General Manager, Policy, Government and Public Affairs, Chevron Nigeria Limited, Esimaje Brikinn,...
Chevron Nigeria Limited (CNL) has debunked the report alleging that it plans to exit Nigeria. The General Manager, Policy, Government and Public Affairs, Chevron Nigeria Limited, Esimaje Brikinn, in a statement, to The Guardian said: “CNL is aware of a misleading media report alleging that Chevron plans to exit Nigeria. Please note that the allegation is untrue and does not represent the position of Chevron in Nigeria,”
Brikinn said that CNL remains committed to sustaining the existing mutually beneficial and long-term relationship with Nigeria and other stakeholders as demonstrated by its significant economic and social investments in Nigeria over the last six decades.
These investments, according to him, have generated visible and viable socio-economic development in several communities across Nigeria.
“CNL will, along with industry peers in Nigeria, continue to engage the government on policies and opportunities to ensure global competitiveness and sustainability of the petroleum industry,” he assured.
Chevron is one of the largest oil producers in Nigeria. It operates under a joint-venture arrangement with the Nigerian National Petroleum Company (NNPC) for the onshore and offshore assets in the Niger Delta region.
Chevron also has extensive interests in multi-partner deepwater operations. It operates the Agbami field, one of Nigeria’s largest deepwater discoveries. It also has a non-operated interest in the Usan Field.
NNPC/Chevron joint venture has spent more than $118 million on roughly 600 programmes that have provided scholarships; built new schools, medical facilities and housing; and supported agriculture development and infrastructure improvements in the country.
Related
1 day ago
The Federal Government in collaboration with the Bank of Industry (BoI), has disbursed N40 billion to 810,945 Micro, Small and Medium entrepreneurs (MSMEs) in 774 Local Government Areas across the country. According to the bank, the disbursement is under the N50 billion Presidential Grants and Loans Scheme (PGLS) to meet the needs of one million…
1 day ago
Global wine production is set to fall again this year to its lowest level since 1961 due to climate change, the International Organisation of Vine and Wine (OIV) said Friday. Output is estimated to reach between 227 million and 235 million hectolitres in 29 countries accounting for 85 percent of global production, according to the…
1 day ago
The Office of the Auditor General for the Federation (OAuGF) has uncovered over N3.203 trillion in financial infractions involving
1 day ago
Nigeria and France have signed a partnership on the development of critical infrastructure and the long-term sustenance of agriculture and food security, worth €300 million. Presidency spokesman Bayo Onanuga disclosed this in a statement after President Bola Tinubu and French President Emmanuel Macron signed the two agreements on Thursday in Paris, France. Earlier, President Tinubu…
1 day ago
Nigeria recorded about $1.27 billion capital inflow from the BRICS bloc in the first half of the year, Vice President Kashim Shettima has said. The Vice President, who disclosed this at the inaugural China-Africa Inter Bank Association
1 day ago
Zenith Bank Plc has expanded its global footprint with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on Wednesday, November 27, at 21 Rue de la Paix
1 day ago
Managing Director of Seven-Up Bottling Company and convener of SME Scaleup, Ziad Maalouf, took centre stage at the highly anticipated TEDx Pan-Atlantic University (PAU) event, where he delivered a speech on the challenges Nigerian entrepreneurs
1 day ago
The Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has called for greater investment in port infrastructure to enhance efficiency while assuring terminal operators of the authority's unwavering support.
1 day ago
The Lagos State government has embarked on a fresh initiative to enhance its revenue generation capabilities in partnership with the Organised Private Sector (OPS), the National Data Protection Commission
1 day ago
The Stanford Seed Transformation Network Nigeria, part of the alumni community of Stanford University's Seed Transformation Programme, whose membership is exclusive to business owners with a minimum turnover of $500,000, has inducted 16 new members into its ranks.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.