FG To Ensure IOCs Don’t Abandon Environmental Damages

The Federal Government has assured Nigerians that it would do all in its power to make sure international oil companies (IOCs) do not abandon environmental damages in their respective areas of operations as they pursue their energy transition agendas.
Chief Executive Officer, Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, revealed this on the sideline of an oil and gas conference held in Abuja last Thursday.
According to him, there is need for oil companies operating in Nigeria to add value to the environment by keeping it clean.
“The Federal Government will make sure that our partners don’t abandon the environmental damages they caused, and we are sure our partners also agree. We have to add value to lives in our environment by keeping it clean”, he said.
His assurance came following recent various energy transition divestment moves by most IOCs operating in Nigeria.
The CEO stated that “energy transition is real”, saying that the Federal Government “must take steps by localising business in preparation for divestment targets by the IOCs”.
According to him, the easiest way to create wealth towards transition, is to increase crude oil production, adding that NNPC is working towards achieving such milestone.