Amgbare Ekaunkumo, Yenagoa
The Federal Government has thrown it’s weight behind the ongoing acquisition of assets previously held by International Oil Companies (IOCs) as they divest.
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, who made this known while receiving a delegation from Renaissance Africa Energy Holdings, led by the MD/CEO; Dr. Tony Attah, following their acquisition of Shell Petroleum Development Company of Nigeria’s (SPDC) assets, declared that the move align with the vision of President Bola Ahmed Tinubu.
Lokpobiri also noted that President Bola Ahmed Tinubu,who had directed that all divestment-related issues be resolved promptly, assured them of full support and once again commended President Tinubu’s visionary leadership that has made this transformation possible.
According to Sen. Lokpobiri, “Our oil sector is undoubtedly more productive today, with indigenous companies successfully acquiring assets previously held by International Oil Companies (IOCs) as they divest”
“This positive shift aligns with the vision of President Bola Ahmed Tinubu, who had directed that all divestment-related issues be resolved promptly.”
“I conveyed the expectations of Nigerians, that this acquisition must translate into increased value, efficiency and national benefit.”
“While commending Renaissance for their strategic initiative, I charged them to swiftly align with our mission to increase production.”
” This will ensure mutual profitability for both the company and the country. I also assured them of full support and once again commended President Tinubu’s visionary leadership that has made this transformation possible.”
