Mkpoikana Udoma
Port Harcourt — The Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri, has said that Nigeria remains the prime investment destination for global energy companies, particularly in the oil and gas sector, following
new reforms, favorable policies and supportive operational framework.
Lokpobiri emphasized that Nigeria offers substantial opportunities, especially in deep offshore exploration, which remains largely untapped despite its vast potential.
These were the key message from the Minister, following a meeting with Chevron executives on the sidelines of Africa Energy Week 2024, #AEW2024 in Cape Town.
Lokpobiri highlighted recent policy reforms, reinforced by Presidential Orders, which according to him, have created a more conducive and efficient environment for international oil and gas players.
He said, “These reforms are not only designed to enhance Nigeria’s energy security but also to foster greater economic growth by making Nigeria one of the most attractive investment destinations in the global energy sector.
“Chevron, one of the largest international energy companies operating in Nigeria, has been a key player in the country’s oil sector.”
The minister urged Chevron and other investors to capitalize on the strategic opportunities provided by the reforms, positioning themselves to benefit from one of Africa’s most dynamic energy markets.
“Nigeria’s oil sector is undergoing a transformation, and this is the time for global energy companies to expand their operations here. Chevron’s continued investment in Nigeria will help drive economic development and ensure the nation’s energy security for years to come,” Lokpobiri added.
This article was originally posted at sweetcrudereports.com
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