NNPC Will Continue To Seek Market Expansion Of Nigeria’s Crude

 

The Nigerian National Petroleum Corporation (NNPC) on Monday said that it would continue to seek expansion of the market frontiers for the nation’s crude.

The Group General Manager, Group Public Affairs, (NNPC), Mr Ohi Alegbe, told newsmen in Abuja that Nigeria would not ignore any market in its quest to remain competitive in the global oil and gas industry.

This is coming as the Brent crude dropped to $67.35 on Monday, the lowest since the financial crisis of 2009.

The spokesman said that U.S non-purchase or declining purchase of Nigeria crude would not have negative impact on the sector.

He said although U.S. used to be the largest buyers of Nigeria’s crude oil it had since been overtaken by other countries, adding that NNPC had put in place mechanisms to further expand the market frontiers of Nigeria’s crude and to position itself as a major competitor in the hydrocarbon market.

Some of these measures, he said, included participating in different congresses and meetings to access global business opportunities in the petroleum industry.