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Just in: OPEC secretary general set to visit Nigeria

Just in: OPEC secretary general set to visit Nigeria

- Mohammed Barkindo will lead other global oil and gas industry leaders will be participating in the maiden edition of the Nigeria International Petroleum Summit

- - OPEC's secretary general, Mahammed Barkindo, is one of those who will be at the summit

- The summit is scheduled to hold from February 18 to 22

The secretary general of the Organization of the Petroleum Exporting Countries (OPEC), Mahammed Barkindo, will be visiting Nigeria, the minister of state of petroleum Ibe Kachikwu has said.

Barkindo will be leading other global oil and gas industry leaders to participate in the Nigeria International Petroleum Summit (NIPS).

Speaking at a world press conference on Friday, February 16, Kachikwu said the summit, patterned after the annual Offshore Technology Conference (OTC) in Houston, Texas, has been designed to attract new investments and showcase the latest technologies that could be adopted for the upstream, midstream and downstream sectors.

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Kachikwu said such technologies would ensure cost management in the Nigerian oil and gas industry.

The minister said the maiden edition of the NIPS is scheduled to hold from February, 18 to 22.

The NIPS would among many others provide a veritable platform for the international oil companies and other relevant stakeholders to brainstorm on ways to move the Nigerian petroleum sector forward.

Kachikwu while noting that Nigeria was endowed with many requisite skill sets that contributed enormously to the actualization of the Egina Floating Production and Storage Offloading (FPSO) facility said, the FPSO, the largest ever installed in Nigeria would contribute its quota to national daily production.

READ ALSO: Fuel price hike looms as FG sets to review petrol price

He added that President Muhammadu Buhari was pleased with the new feats being achieved in the petroleum sector.

The minister also said that vice president, Yemi Osinbajo, was expected to declare the summit open next Monday, February 19.

Stating that the NIPS would attract participants from OPEC member countries and other international stakeholders across the globe, Kachikwu said, the summit which would be an annual event was being would be held at the instance of the ministry of petroleum resources in collaboration with departments and agencies under it.

PAY ATTENTION: Read the news on Nigeria’s #1 new app earlier reported that the minister of state for petroleum resources, Ibe Kachikwu, had directed NNPC to end fuel queues in Abuja before Sunday, February 18.

He gave the directive at a world news conference to intimate journalists on the upcoming international oil and gas conference and exhibition.

He noted the queues have been persistent because logistics and policy issues that could end the scarcity are largely unaddressed.

Fuel scarcity: This is getting too much for us - Nigerians lament - on TV

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