FG to announce NNPC unbundling into 5 operational zones next week...

Read more at: http://www.vanguardngr.com/2016/03/fg-to-unbundle-nnpc-into-5-operational-zones/

On Thursday,The Minister of State, Petroleum Resources, Dr Ibe Kachikwu disclosed that a major overhaul of the Nigerian National Petroleum Corporation (NNPC) system would be announced in a week.

He also stated that NNPC would be un-bundled to four or five main operational zones comprising 30 companies to be headed by a director each. He stated this in his remarks at the 2016 Annual Oloibiri Lecture Series and Energy Forum organised by Society of Petroleum Engineering (SPE) Nigeria Council.
 He said that titles like the group executive directors which people had been used to in the last 30 years would disappear and would be replaced with chief executive officers. Kachikwu said that there was the need for people to take responsibilities for their titles.
 He said that there were key issues that were pertinent in the sector which included getting the upstream working again.
 He said that he was committed to try and do something that would move the oil industry back to working. He said that focusing on gas policies was a key element and he was setting a target of 12-month type agenda to try and arrive at some conclusions. He said that part of the plan was to work with the National Assembly and others with policy makers.

He said that he was committed to try and do something that would move the oil industry back to working. He said that focusing on gas policies was a key element and he was setting a target of 12-month type agenda to try and arrive at some conclusions. He said that part of the plan was to work with the National Assembly and others with policy makers.

Read more at: http://www.vanguardngr.com/2016/03/fg-to-unbundle-nnpc-into-5-operational-zones/

He said that there were key issues that were pertinent in the sector which included getting the upstream working again.

Read more at: http://www.vanguardngr.com/2016/03/fg-to-unbundle-nnpc-into-5-operational-zones/

He said that titles like the group executive directors which people had been used to in the last 30 years would disappear and would be replaced with chief executive officers. Kachikwu said that there was the need for people to take responsibilities for their titles.

Read more at: http://www.vanguardngr.com/2016/03/fg-to-unbundle-nnpc-into-5-operational-zones/