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The Nigerian National Petroleum Company Limited (NNPCL) on Saturday announced it has signed a gas supply agreement with Indorama Eleme Petrochemicals Limited.
According to NNPCL, the signing of the agreement was in a bid to promote the use of natural gas by large-scale gas utilization industries.
Mr Muhammad said the signing of the agreement is a development that the NNPCL Group Chief Executive Officer, Mele Kyari, summarized thus: “NNPC Limited is on the threshold of making value out of gas beyond any imagination.”
“NNPC Ltd. and Indorama Eleme Petrochemicals Ltd., have signed a Memorandum of Understanding (MOU) to explore and develop suitable opportunities within the remits of both parties’ interests across the hydrocarbon value chain in Nigeria,” the oil firm said in a statement signed by Garba Deen Muhammad, the company’s chief corporate communications officer on Saturday.
Mr Muhammad said as the national energy company, one of the NNPC Ltd’s roles as enshrined in article 64(i) of the Petroleum Industry Act (PIA) is to promote the use of natural gas through the development and operation of large-scale gas utilisation industries.
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