The incoming Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has hailed the leadership of the Organization of the Petroleum Exporting Countries (OPEC), for the nine-month extension in oil production cut under the ‘’Declaration of Cooperation’’ which seeks to improve global oil market stability among OPEC members. Oil industry under the cooperation, OPEC member and non-member nations accelerated the stabilisation of global oil market through voluntary production adjustments which amounted to 1.8 million barrels per day. In a chat with newsmen in Vienna, venue of the 176th Meeting of OPEC, Mr Bala Wunti, Group General Manager, Corporate Planning and Strategy representing Kyari, noted that pricing and volume of products remained key factors in ensuring sustainable revenue generation for the country. According to him, that is the vision of the incoming NNPC boss, and that is the vision of Nigeria. Other delegates representing Nigeria at the on-going 176th Meeting of OPEC include; Meeting in Vienna include the permanent secretary, Ministry of Petroleum, Dr Folashade Yemi-Esan, Nigeria’s OPEC Governor, Dr Omar Farouk Ibrahim, Nigeria’s Ambassador to Austria, Victoria Okeke and the General Manager, OPEC, NNPC, Umar Gbobe Aminu.

Source: Nigerian Tribune July 01, 2019 18:45 UTC