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| NNPC |
The Group Managing
Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe
Kachikwu yesterday spoke of a plan to review all Production Sharing Contracts
(PSCs) and Joint Venture Agreements and other contracts between the NNPC and
its partners.
The review is aimed at reflecting present day realities in the global oil and
gas industry.
He said
his mandate in the Corporation is to put in place efficient, transparent and
profit-oriented processes and not to embark on a mass retrenchment of the
workforce.
The Nation report continues:
NNPC’s
Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, in a statement
yesterday added that Kachikwu stated that the mandate given to him by President
Muhammadu Buhari is to turn around the entire commercial processes and
procedures in order to impact on the growth trajectory and operations of the
Corporation.
He
said the reduction in the NNPC directorate from eight to four at the top
management cadre is to refocus and sharpen the business aspiration, adding that
training and retraining of workers to align with the new vision is the next
stage of the ongoing reforms.
Dr.
Kachikwu said the recent repositioning is to put in place the right set of skills
for performance, stressing that the new arrangement provides a veritable vista
for upcoming professionals to have a speedy career path.
He
stated that the NNPC, under his watch, would put in place mechanisms that would
plug all revenue leakages in the upstream, midstream and downstream sectors
while adding that all crude oil proceeds due for the Federation Account would
be remitted accordingly.
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