Change of Baton: Ojulari Takes over from Kyari, pledges consolidation - ITREALMS

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Finally, theThe new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari, reports ITREALMS.

In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation.

Earthquake @NNPCL: Tinubu dismisses Akinyelure, Kyari as Kida, Ojulari take over - ITREALMS

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Nigerian President, Bola Ahmed Tinubu, has made significant changes to the Nigerian National Petroleum Company Limited (NNPCL) by dismissing the board chairman, Pius Akinyelure, and the Group Chief Executive Officer (GCEO), Mele Kyari, effective April 2, 2025, reports ITREALMS.

This move, according to presidency sources, is aimed at enhancing operational efficiency, restoring investor confidence, and driving sectoral reforms.

Kyari, refineries and a green ribbon by KEN UGBECHIE

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Mele Kyari, a geologist and Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), has dug his way into the tunnel of history. Within a space of two months, he announced the successful revamp of two refineries. 

In November 2024, Port Harcourt refinery came on stream. The following month, December, Warri refinery burst back to life. Both are not performing optimally, yet. But the journey has only just begun. Kaduna refinery is projected to begin production later this year. And if all goes well, a substantial percentage of the nation’s local petrol consumption would be sourced in-country. 

Kyari outlines vision for Nigeria's energy, plans 12 CNG stations loading - ITREALMS

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The Group CEO of NNPC Ltd, Mele Kyari has reiterated the company's commitment to resolving Nigeria's energy trilemma, by ensuring energy security, sustainable growth and energy affordability.

Kyari disclosed this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: "Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability" in Lagos, on Monday.

Count NNPC out of any economic sabotage says Kyari - ITREALMS

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The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any known enabling laws guiding dealings with partners, hence should be counted out of any claims of economic sabotage.

Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, quoted Kyari, while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Industry at the National Assembly on Wednesday, as saying that refining business is a straightforward business which any investor should know before coming into the market.

NNPC Chief, Kyari, Wins Champion Newspapers' Most Outstanding Energy Icon Award - ITREALMS

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... Says NNPC ever committed to Nigeria's energy security

The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has won the Champion Newspapers' 2023 Most Outstanding Energy Icon of the Year.

Kyari was conferred with the honour during the newspaper's annual awards ceremony held at the Eko Hotels & Suites in Victoria Island, Lagos, on Saturday.

Kyari emphasizes role of gas in driving industrialisation - ITREALMS

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The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fueling economic growth and industrial development in Nigeria.

Kyari, who was speaking at the public presentation of the book "The Rise of Gas: From Gaslink to the Decade of Gas" authored by Engr. Charles A. Osezua, the GCEO highlighted gas' global acceptance as a crucial energy source that sustains economic growth and drives industrial activities.

Kyari: Bridging energy access gap vital for Nigeria's economic growth - ITREALMS

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The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd) Mr. Mele Kyari, has emphasized the importance of bridging the energy access gap to the creation of economic prosperity of the country, reports ITREALMS.

Kyari made this statement while delivering a keynote address on industry operations with the theme, "Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security," at the 2024 edition of Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) held in Abuja, on Thursday.

He noted that to bridge the energy access gap in Nigeria, that NNPC Ltd was working on developing the right infrastructure to deliver oil and gas to drive prosperity for Nigerians.

Kyari calls for differentiated energy transition for Africa - ITREALMS

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As global calls for transition to cleaner energy fuels continue to grow, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC) Ltd. Mr. Mele Kyari has advocated for a differentiated approach to attaining energy transition for the African continent.

Kyari, who also said the Final Investment Decision (FID) on the Nigeria Morocco Gas Pipeline (NMGP) Project will be taken in December 2024, made the call while speaking during a Leadership Dialogue Session at the ongoing CERAWeek Conference in Houston, United States, on Tuesday.

Energy Transition: Kyari joins global energy leaders @CERAWeek 2024 - ITREALMS

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The NNPC Ltd will be at the 2024 CERAWeek Conference scheduled to hold in Houston, United States from 18th to 22nd March 2024, reports ITREALMS.

The Group Chief Executive Officer (GCEO), NNPC Ltd, Mr. Mele Kyari on Tuesday headlined the Plenary Session titled "Leadership Dialogue" at the annual strategic conference.

Kyari advocates academia-industry collaboration for energy sufficiency, sustainability - ITREALMS

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The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari, has called for collaboration between the academia and the Oil & Gas Industry towards addressing the challenges of energy sufficiency and sustainability, reports ITREALMS.

The Chief Corporate Communications Officer, NNPC Ltd, Olufemi O. Soneye, informed ITREALMS that Kyari made this call while speaking as a Guest Lecturer during the 2024 Faculty Lecture titled, "Energy Security, Sustainability and Profitability in Nigeria: Advances, Challenges and Opportunities,” organized by the Faculty of Science of the Obafemi Awolowo University (OAU), Ile-Ife, Osun State, on Wednesday.

COP 28: Kyari demands 'Just energy transition for Africa' - ITREALMS

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Finding sustainable solutions for a decarbonized energy future has continued to top global agenda, as the Group Chief Executive Officer (GCEO), NNPC Ltd., Mr. Mele Kyari has said the African Continent needs “a just, differentiated transition” to enable it to harness its resources for today for the benefit of its future generations.

The GCEO made this known while speaking at a Regional CEO Panel organised by McKinsey & Company on the sidelines of the ongoing United Nations Conference on Climate Change (UNCCC), also known as the COP28 Conference, in Dubai, UAE, on Monday.

Kyari urges stakeholders, Nigerians to refrain from issuing goodwill messages - ITREALMS

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The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, expresses gratitude to stakeholders and Nigerians for their enthusiasm regarding his reappointment by the President and Commander-in-Chief of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, reports ITREALMS.

Viewing this reappointment as a renewed challenge, Kyari is committed to stabilizing the oil industry and enhancing service delivery for increased revenue.

NNPCL board: Kyari retains GCEO, Akinyelure becomes chairman - ITREALMS

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The Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kolo Kyari has been reappointed with Chief Pius Akinyelure becoming the Non-Executive Board Chairman, reports ITREALMS.

Kyari and Akinyelure would be joined in the latest appointment by seven others, including Alhaji Umar Isa Ajiya — Chief Financial Officer, Mr. Ledum Mitee — Non-Executive Director, Mr. Musa Tumsa — Non-Executive Director, Mr. Ghali Muhammad — Non-Executive Director, Prof. Mustapha Aliyu — Non-Executive Director, Mr. David Ogbodo — Non-Executive Director; and Ms. Eunice Thomas — Non-Executive Director.

Kyari charges NAPE members on adaptation to changing energy landscape - ITREALMS

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The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company Limited (NNPC Ltd), Alhaji Mele Kyari, has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape, reports ITREALMS.

The Chief Corporate Communications Officer, NNPC Ltd, Mr. Olufemi O. Soneye in a press statement available to ITREALMS, quoted Kyari as giving this charge on Tuesday while delivering an industry address at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) conference in Lagos.

Wanted! DCP Abba Kyari, he’s drug dealer says NDLEA - ITREALMS

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The National Drug Law Enforcement Agency (NDLEA) has declared the suspended Deputy Commissioner of Police (DCP) Abba Kyari wanted over drug trafficking worth millions of Naira and having failed to honour their official invitation, reports ITREALMS.

*Suspended DCP Abba Kyari and NDLEA flag

“Having failed to honour the official invitation, NDLEA has no option but to declare DCP Abba Kyari of the Nigerian Police WANTED, right from this very moment,” declared the Director, Media and Advocacy at NDLEA, Mr. Femi Babafemi, at the agency National Headquarters in Abuja on Monday, February 14, 2022 during a press conference.

Kyari says 'Clear fiscal framework will enhance gas development – ITREALMS

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The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.

The Group Managing Director of NNPC, Mallam Mele Kyari, made the call at a one-day public hearing on “Inclusion of Gas Terms in Production Sharing Contracts (PSCs)” organized by the House of Representatives Joint Committee on Gas Resources, Petroleum Resources (Upstream and Downstream).

Kyari: NNPC to stop running refineries, removal of subsidy to benefit ordinary Nigerians - ITREALMS

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The Nigerian National Petroleum Corporation (NNPC) will soon stop its involvement in the management of the nation’s refineries after their rehabilitation, according to the Group Managing Director (GMD) of NNPC, Mallam Mele Kyari, reports ITREALMS.

He made this disclosure Wednesday during an interview on Arise TV breakfast programme, The Morning Show, saying that upon completion of the ongoing rehabilitation exercise, the services of a company world be procured to manage the plants on an Operations and Maintenance (O&M) basis.

“We are going to get an O&M contract, NNPC won’t run it. We are going to get a firm that will guarantee that this plant would run for some time. We want to try a different model of getting this refinery to run. And we are going to apply this process for the running of the other two refineries”, he stated.

He explained that the plan, ultimately, is to get private partners to invest in the refineries and get them to run on the NLNG model where the shareholders would be free to decide the fate of the refineries going forward.

Mallam Kyari was quoted in a press statement made available to ITREALMS by the NNPC Group Public Affairs Division, Group General Manager, Dr. Kennie Obateru, as saying that this model, which is totally different from previous approach, would guarantee the desired outcome for the refineries.

Equally speaking on a Channels TV breakfast talk show, Sunrise Daily, earlier in the day, the NNPC’s helmsman said the decision to finally end the fuel subsidy regime is in the interest of ordinary Nigerians as it would free up funds for the various tiers of government to develop basic infrastructure in the education, health, transport, and other sectors for their benefit.

"Subsidy is elitist because it is the elites that benefit from it. They are the ones that have SUVs, four, five cars in their garages. The masses should be the ones to benefit. There are many things wrong with the under-recovery because it makes us to supply more than is needed. This makes the under-recovery to be bloated because we unwittingly subsidize fuel for the whole of West Africa. That has to stop," the NNPC boss submitted.

He explained that the removal of subsidy would automatically correct the distortions it created in the market such as products arbitrage and smuggling, stressing that it would also provide the needed impetus for the NNPC to establish retail outlets in neighbouring countries.

On the agitation in some quarters for a reduction in the price of kerosene, he said the corporation’s focus was rather on how to migrate all those who were still using kerosene for domestic cooking to the use of Liquefied Petroleum Gas (LPG) which is popularly referred to as cooking gas.

According to him, apart from LPG being a cheaper fuel than kerosene, it is also safer and more environment-friendly.

He said the Minister of State for Petroleum Resources, Chief Timipre Sylva, was championing policies to deepen the adoption of LPG for domestic consumption, adding that widespread adoption of LPG usage was the best solution to kerosene supply challenges in the long term.

On the situation with global crude oil price and supply, the GMD said things were shaping up.

"Crude oil price is improving by the day. Last week, it was $15 per barrel. Today, it is $32.79 per barrel. We believe the ongoing engagements between global oil producers will bring back demand and once that happens, the market will balance and fully recover by year-end”, he said optimistically.

On the fight against the Covid-19 pandemic, Mallam Kyari who put the current total donations by players in the Oil and Gas Industry at N21billion said the sector was obliged to support the Federal Government in its efforts to bring relief to Nigerians.

He maintained that the donations were in kind and were designed to address three key areas of: provision of hospital consumables (face masks, test kits, etc.); provision of support services and facilities for patients (beds, ventilators, etc.); and provision and upgrade of health infrastructure that will outlive the Covid-19 pandemic.

Uboshe Uboshe/Editor

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