Page 15 - DMEA Week 30

DMEA
neWs in Brief
DMEA
He also asked them to brace up for greater challenges ahead, noting that as the main enabler of the Nigerian economy, the NNPC must entrench processes to ensure steady production growth and assured pro tability across all tiers of the oil industry.
He equally explained that the transparency component of the agenda was aimed at maintaining positive image, share values of integrity and transparency to all stakeholders, while the accountability aspect will ensure the corporation complies with business ethics, policies, regulations and accountability to all stakeholders.
With regards to performance excellence,
he added that the idea was to entrench a high level of e ciency. He indicated this will be driven by e cient implementation of business processes as well as appropriate reward system for exceptional performance among the workforce.
According to him, the NNPC would continue to give attention to safety and security of personnel and assets while creating a business environment anchored on technology and innovation to improve e ciency.
On domestic re ning of petrol, he said the NNPC will go ahead with ongoing re nery rehabilitation and successfully
conclude it, as well as deliberately encourage the establishment of new private re neries to ensure that the country becomes a net exporter of re ned petroleum products.
He said the corporation would sustain the ongoing exploration activities in the inland sedimentary basins to improve reserve while pursuing a program to grow its subsidiary, the Nigerian Petroleum Development Company (NPDC).
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Week 30 01•August•2019
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