Home Business NETTI, OPEC Acknowledge Kyari’s Appointment as NNPC GMD

NETTI, OPEC Acknowledge Kyari’s Appointment as NNPC GMD

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The Nigeria Extractive Industries Transparency Initiative (NEITI) and Organization of the Petroleum Exporting Countries (OPEC) have congratulated Mele Kolo Kyari on his appointment as Group Managing Director of Nigeria’s National Petroleum Corporation (NNPC).

President Muhammadu Buhari on Thursday approved the appointment of Mele Kyari as the organisations 19th Group Managing Director (GMD), replacing incumbent Maikanti Baru who retires later this month.

According NEITI’s Executive Secretary Waziri Adio, the choice of Kyari is well-deserved and an intimation of more openness and reforms in the national oil company.

The NEITI Executive Secretary explained that as a member of the global EITI working group on commodity trading transparency, Mele Kyari’s appointment has placed him in a vantage position to push the frontiers of openness and to work more closely with NEITI and the global EITI to implement remedial issues in NEITI’s reports.

He added that the implementation of the findings of NEITI’s reports would not just be effective for operations of NNPC but also for optimisation of benefits of the oil and gas sector to Nigeria and Nigerians.

Also Commenting on the well-deserved appointment, members of the OPEC Economic Commission Board (ECB) and the staff of the OPEC Secretariat conveyed its sincere congratulatory message to the new GMD.

In a statement by the Organization of Petroleum Exporting Countries Secretary-General, Mohammad Sanusi Barkindo, Kyari was said to have secured his appointment on the basis of his exemplary performance.

“This appointment has come as no surprise, and is a testament to your exemplary record and exceptional performance over the many years you have worked for NNPC in a variety of strategic roles. You have earned the respect of your colleagues in the ECB where you have conducted yourself with gravitas and greatly contributed to the discussions and decisions of this body,” Barkindo said

Kyari’s appointment has, however, opened a channel of exposure for his credibility in the past years, as an expert in crude oil marketing and currently Nigeria’s Representative at OPEC, he provides leadership and participates in engagements relating to crude oil, gas production and associated market issues.

Conversely, NEITI has expressed its confidence on transparency and accountability in the operations of NNPC

“His commitments to the values of EITI are not in doubt,” he added. “On behalf of the Board, Management and Staff of we do hope that transparency and accountability will be taking notches higher and indeed mainstreamed in the operations of NNPC under his watch.” Netti said.

Kyari was NNPC’s former General Manager, Crude Oil Stock Management, 2014-2015 and has also participated in various deepwater projects across the globe.

As head of Crude Oil Marketing Division of the NNPC, Kyari ensured optimum determination and secured government’s equities and entitlements of crude oil, Natural Gas Liquids, NGL, Liquefied Petroleum Gas, LPG production from various fiscal arrangements.

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