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Wednesday, June 23, 2021
Home Uncategorized OPEC Commends Buhari over investments in critical gas projects

OPEC Commends Buhari over investments in critical gas projects

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The Organisation of Petroleum Exporting Countries (OPEC), has commended President Mohammadu Buhari over his administration continued heavy investments, including critical gas projects, such as the Ajaokuta–Kaduna–Kano Natural Gas Pipeline, the Nigeria LNG Train 7 project and actively promoting several fertilizer blending plants across the country, supporting the ongoing agrarian revolution.

In a goodwill message by the Secretary General of the organization, Mohammad Sanusi Barkindo, to the Pre-Summit Conference on the Decade of Gas, sponsored by NLNG, OPEC, noted that from now till 2045, globally, the organisation’s projections show that investments of more than $12 trillion will be needed in the upstream, midstream and downstream.

Barkindo expressed OPEC’s deep gratitude to the President, who has long been an advocate, including as Minister of Petroleum and Head of Nigeria’s Delegation to OPEC, in the organization’s overarching commitment to sustainable market stability.

“This was clearly on display during the unprecedented oil market slump in 2020 as a result of the COVID-19 pandemic, with the President playing a leadership role in unifying the commitment of participants in the Declaration of Cooperation (DoC) and, in turn, helping pull the industry back from the brink. We continue to strongly follow his consensus-building foot steps that came to the fore during his tenure as Nigeria’s Minister of Petroleum and Natural Resources during the late 1970s”.

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