Thursday, 16 January 2020

UAE Gives Report On Buhari's Govt

TonyGists App 3 Out Now. Download from Play store

In a statement signed by Alhaji Garba Deen Muhammad, the spokesman for the minister, Al Taffaq, lauded the agile leadership of Buhari in stabilising the oil and gas sector.

President Muhammadu Buhari, Governor Dave Umahi
President Muhammadu Buhari
The United Arab Emirates (UAE) has commended the agility of President Muhammadu Buhari in ensuring a strong and stable oil and gas sector in Nigeria.
Fahad Al Taffaq, the UAE Ambassador to Nigeria, made the remark when he visited the Minister of State for Petroleum Resources, Chief Timpre Sylva, in Abuja on Wednesday.
In a statement signed by Alhaji Garba Deen Muhammad, the spokesman for the minister, Al Taffaq, lauded the agile leadership of Buhari in stabilising the oil and gas sector.
He also applauded the competence shown by the minister and the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, in the sector.
He expressed the UAE’s commitment to investing in Nigeria’s petroleum sector and promised to facilitate high level bilateral opportunities that would deepen the cooperation between both countries.
Al Taffaq reiterated the need to deepen the existing collaboration between Nigeria and the UAE.
He promised to facilitate opportunities that would see to the creation of brand-new projects in the short, medium and long term for the benefit of the two countries.
Responding, Sylva said that 2020 remained an important year for Nigerian s it proposed marginal field rounds and major bid rounds in the oil and gas sector.
Marginal Field refers to an oil field that may not produce enough net income to make it worth developing at a given time.
He said “2020 is an important year for Nigeria with the proposed marginal field rounds and major bid rounds.”
According to him, the UAE has the financial muscle to fully participate in the process.
However; should technical or economic conditions change, such a field may become commercial field, NAN reports.
It is usually associated with small pockets of hydrocarbons that have a plateau of a few years.
He noted the Nigeria values its relationship with the UAE and would continue to sustain it. 

Are You On youtube? subscribe to our Latest Updates - @tonygists
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists1

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists

© 2020 Tonygists | Portions are © 2020 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Next Post »

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.

Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.

AD 728 x 90size