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The International Oil Company (IOCs) and other industry players will exhibit at the forthcoming Nigeria International Petroleum Summit (NIPS) which will be hosted by the Federal Ministry of Petroleum Resources from 19 – 23 February 2018. In a press briefing with stakeholders and industry players, Dr. Folasade Yemi-Esan, Permanent Secretary, Federal Ministry of Petroleum Resources disclosed that “the oil and gas sector has faced several challenges in the recent past. Nigeria being Africa’s largest producer and its economic powerhouse took a position to lead Africa’s response to these challenges”, which explains the broad vision for hosting the summit.

According to the Permanent Secretary, “There will be a session at NIPS that will focus on tangible steps for delivering sustainable and equitable socio-economic improvement through industrial diversification. We will be having key policy shapers drawn from National Assembly.’’ Yemi Esan noted that all advertised speakers have confirmed their attendance.

She stated that “Aliko Dangote, President, Dangote Group; Tony Elumelu, the Chairman, UBA Plc /Founder of The Tony Elumelu Foundation will join other outstanding personalities in business, finance and the economy as our Special Guest and Speaker at the Federal Government of Nigeria’s officially endorsed oil and gas event, Nigeria International Petroleum Summit (NIPS), an African Petroleum Technology and Business Conference (APTC) scheduled for Abuja from 19th -23rd February 2018.”

Confirmed international stakeholders who are expected to grace the event include Seyed Mohammad Hossein Adeli, Secretary-General, Gas Exporting Countries Forum (GECF), Sun Xiansheng, Secretary-General, International Energy Forum (IEF) and Mohammad Sanusi Barkindo, Secretary-General, Organisation of Petroleum Exporting Countries (OPEC). The summit will be declared open by President Muhammadu Buhari.

A major feature of this summit is the Minister of State for Petroleum’s Session with the sub-theme – The 7 Big Wins: Short and Medium Term Priorities to Grow Nigeria’s Oil & Gas Industry (2015-2019) taking place on Tuesday 20th February as open discussions on how oil and gas sector should respond dynamically to reposition the national economy, ramp up production, reduce costs, foster efficiency and to boost the non-oil contribution to export earnings and government revenue.

The panelists which include Osagie Okunbor, Chairman, LCCI-OPTS/Chairman, Shell Companies in Nigeria, Chikezie Nwosu, Chairman, SPE Nigeria Council/ Director (Technical),Addax Petroleum Development Co. Ltd Dr. Layi Fatona, Managing Director, Niger Delta Petroleum Development Co. Ltd and Engr. (Mrs.) Olu Maduka, President, The Nigerian Academy of Engineering, will identify next steps to take in moving forward with Strategic Adaptation to Environmental Shocks, Turbulence and Radical Institutional change.

Other expected Speakers include Nicolas Terraz , Managing Director/Chief Executive; Total E&P Nigeria Ltd. (TEPNG); Paul McGrath, Chairman/ Managing Director; Mobil Producing Nigeria Unlimited, Jeffrey W. Ewing, Chairman/Managing Director; Chevron Nigeria Limited, Bayo Ojulari, Managing Director, Shell Nigeria Exploration & Production Co.Ltd (SNEPCo), Razaq Isa, Chairman/CE, Waltersmith Petroman Oil Ltd, Demola Adeyemi-Bero, Managing Director, First Exploration & Petroleum Development Co. Ltd, Olalekan Akinyanmi, Chief Executive Officer; LEKOIL Limited, Adewale Tinubu, Group Chief Executive Officer, Oando Plc with Austin Avuru, Managing Director, SEPLAT Petroleum Development Co. Plc will be moderating.

NIPS is taken as Nigeria’s version of Offshore Technology Conference (OTC) usually held in Houston.

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