Tinubu assures Exxon Mobil of globally competitive oil and gas sector

President Bola Tinubu has assured executives of ExxonMobil Upstream Company that his administration is committed to making Nigeria’s petroleum sector globally competitive.

During a meeting with the ExxonMobil delegation, led by its President, Liam Mallon, on Tuesday in Abuja, President Tinubu emphasized that the three Executive Orders on oil and gas reforms signed on February 28, 2024, will ensure a conducive business environment for all oil companies operating in the country.

The President commended ExxonMobil for its commitment to environmental protection in Nigeria and urged the company to remain committed to contributing to the success of his administration.

The meeting discussed issues such as divestment, decommissioning, and abandonment, and the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, assured that the ministry is working to resolve the divestment issues between ExxonMobil and Seplat Energy.

Liam Mallon, President of ExxonMobil Upstream Company, expressed appreciation for the support and reassurances provided by the Nigerian government and pledged the company’s long-term commitment to the country’s energy sector.

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