In his capacity as Minister of Petroleum Resources, and in consonance with the country’s drive for Foreign Direct Investment in the energy sector, President @MBuhari has consented…
… to the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited.
Exxon Mobil had entered into a landmark Sale & Purchase Agreement with Seplat Energy to acquire the entire share capital of Mobil Producing Nigeria Unlimited from Exxon Mobil Corporation, Mobil Development Nigeria Inc, & Mobil Exploration Nigeria Inc, registered in Delaware, USA.
Considering the extensive benefits of the transaction to the Nigerian Energy sector and the larger economy, President @MBuhari has given Ministerial Consent to the deal.
The President, in commitment to investment drive in light of the Petroleum Industry Act, granted consent to the Share Sales Agreement, as requested by the parties to the transaction, and directed that the approval be conveyed to all the parties involved.
Exxon Mobil/Seplat are expected to carry out operatorship of all the oil mining licenses in the related shallow water assets towards production optimization to support Nigeria’s OPEC quota in the short term…
… as well as ensure accelerated development and monetization of the gas resources in the assets for the Nigerian economy.
President Buhari also directed that all environmental and abandonment liabilities be adequately mitigated by Exxon Mobil and Seplat.
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The country’s security and defense forces are not clueless or helpless. They have their plans and ways of doing things which they will not display in the media.
The dilemmas in dealing with the specific case of train terrorists are manifold:
President @MBuhari congratulates Adefunke Adeyemi on her election as the new Secretary General of the African Civil Aviation Commission (AFCAC), the African Union (AU) agency responsible for civil aviation in Africa.
The President reiterates Nigeria’s commitment to promoting a prosperous and integrated Africa through the activities of organisations such as @Afcac_Cafac.
President @MBuhari was in Accra, Ghana, yesterday, to attend the 6th Extraordinary Session of the Authority of @ecowas_cedeao Heads of State, on the political situations in Mali, Burkina Faso and Guinea. #PMBatECOWAS#PMBinGhana
President Buhari expressed concern that since the last Summit of @ecowas_cedeao leaders on March 25 this year, not much has been achieved in terms of having an acceptable time-table for the conduct of elections to restore democratic rule in the three countries.
The President noted that although the military leadership in Burkina Faso has released President Kabore in line with the request by ECOWAS leaders, further measures must be taken to ensure his safety and full freedom. #PMBatECOWAS
PRESIDENT BUHARI TO ATTEND ECOWAS EXTRAORDINARY SUMMIT IN ACCRA
Pres. Buhari will today June 4 in Accra, Ghana attend an Extraordinary Summit of the ECOWAS Authority of Heads of State & Govt,on the political situation in Mali & other parts of W/Africa
The Summit which will hold at the Presidential Palace, Accra, also known as the Jubilee House, is expected to review progress made by Mali’s military junta on the return of the country to democratic rule.
The Heads of State will also review the situation in the Republics of Burkina Faso and Guinea.
PRESIDENCY WARNS AGAINST HASTY RESPONSE TO CRUEL VIDEOS NOW VIRAL
The Presidency wishes to caution against any knee-jerk reactions, the creation of panic, disruption of lives and livelihoods, or even retaliatory violence…
… following the viral videos of the alleged killings of non-indigenes by the Eastern Security Network (ESN) and its mother terrorist group, the Indigenous People of Biafra (IPOB).
While expert agencies are now verifying the factuality and veracity of the claims that accompany the horrid pictures being circulated, we call on all citizens to avoid hasty steps or conclusions that could exacerbate the situation, …