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Expansion of Chevron In Nigeria Will Increase Economic Development, Says Minister of Petroleum Resources
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that Chevron’s continued commitment and expansion in Nigeria will not only bolster the nation’s energy security but will also further the country’s economic development goals.
He, therefore, encouraged Chevron, and by extension other investors, to seize the unique opportunities presented by the reforms going on in the oil and gas sector.
Speaking in Abuja when he reviewed a delegation form Chevron, Lokpobiri advised that the oil and gas industries should position themselves strategically within one of Africa’s most dynamic energy markets.
He said the discussion focused mainly on opportunities for increased investment, particularly in the deep offshore exploration arena, which holds substantial untapped potential,
He said:”I had a productive meeting with the delegation from Chevron on the sideline of #AEW2024, discussing ways to strengthen Chevron’s engagement and investments in Nigeria’s oil sector.”
“I emphasized that Nigeria remains a prime investment destination for energy companies, driven by favorable policies and a supportive operational framework.”
“We have implemented significant reforms, backed by the Presidential Orders, which creates a more conducive and efficient environment for international players in the oil and gas sector.”
