Agreement Signing Ceremony for JVs Cash Call Exit and Presentation of 2016 Petroleum Sector Score Card in Pictures
Thursday, December 15 in Abuja at the Conference hall of the PTDF building, the Federal Ministry of Petroleum Resources led by the Hon. Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu presented the 2016 score card of the sector which encompassed all the activities of the parastatals and agencies under the purview of the ministry.
They include the NNPC, Department of Petroleum Resources (DPR), Nigeria Content Development and Monitoring Board (NCDMB), Petroleum Training Institute, Nigeria (PTI), Petroleum Technology Development Fund (PTDF), Petroleum Products Pricing, Regulatory Agency (PPPRA), Petroleum Equalisation Fund (management) Board (PEF(M)B), Nigerian Nuclear Regulatory Authority (NNRA), and the documentary was premiered as well as a booklet containing how the sector has undergone a positive revolution in the 2016 work.
Outstanding members of staff from each of the agencies were honoured with awards too.
Then the signing of the agreement for JVs cash call exit took place at the Board room of the Group General Manager of NNPC afterwards.
The Oil and Gas companies that signed included Shell, Chevron, Total, NOAC, Exxon Mobil and Oando.
This cash call exist agreement signed will increase FG's revenue annualy by $2Billion and that is commendable.