Mele Kyari, the Group Chief Executive Officer of NNPC Limited, has firmly denied allegations of economic sabotage leveled against the company.
Addressing the Senate Ad-Hoc Committee investigating such claims in the Nigeria Petroleum Industry, Kyari asserted that NNPC has not violated any laws in its dealings with partners.
In a statement signed by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., Kyari emphasized the transparency and legality of NNPC’s operations.
“Refining business is a straightforward business. You must secure (a source for) your feedstock and you must find a market. This is basic and this determines what happens in any refinery anywhere in the world. That is the business of refining. We have done nothing to sabotage any domestic refinery,” Kyari stated.
Kyari clarified that domestic crude oil supply obligations and provisions for local refineries are clearly outlined in the law. However, he highlighted that these laws also require a willing buyer and a willing seller dynamic.
Addressing concerns about the importation of sub-standard products, Kyari assured that NNPC Limited is not responsible, noting that regulatory agencies ensure no sub-standard products enter the country.
He also supported calls for the Ad-Hoc Committee’s sessions to be broadcast live on national television to prevent misinformation.
Kyari outlined the challenges facing the sector, including crude oil theft, pipeline vandalism, and lack of investment in the upstream sector, despite having infrastructure capable of producing two million barrels of crude per day.
He noted the significant progress NNPC Limited has made, transitioning from a loss-making position to a profit-making entity.
Flanked by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the Chief Executive of the Nigerian Upstream Petroleum Regulatory Agency (NUPRC), Engr. Gbenga Komolafe, Kyari reiterated NNPC’s loyalty and commitment to Nigeria.
“We are faithful, loyal and committed to the progress and development of this country. It is our duty to protect the overall interest of this great nation. We are not in breach of any rules,” he concluded.
