The Nigerian National Petroleum Company Limited (NNPC) has announced that it will continue to explore its hydrocarbon resources, even if International Oil Companies (IOCs) take a walk.
Speaking at the Society of Petroleum Engineers’ 2023 edition of the Annual Oloibiri Lecture Series and Energy Forum in Abuja on Thursday the Group Chief Executive Officer, Mallam Mele Kyari, explained that the world is not leaving fossil fuels anytime soon, despite pressure from Europe and America to transition to cleaner fuels.
Kyari argued that crude oil will continue to be relevant in the coming years, especially since it is not possible to change all vehicles and tricycles to electric vehicles by 2035.
