The Nigerian National Petroleum Corporation (NNPC) has expressed optimism that oil and gas will always be relevant even with the seven billion people on the earth
The Chief Operating Officer, Upstream of NNPC, Mr. Roland Ewubare, told journalists that there wi no magic yet for the replacement of oil and gas as a primary source of energy.
He emphasized that despite the forecasted global oil decline, oil and gas will continue to be relevant.
“Yes, there will be some regions that will migrate towards renewables. But don’t forget that growth in terms of absolute numbers and economic expansion comes primarily from Asia and Africa.
“In long term, those areas are not where the use of electric vehicles has gotten close to significant levels.
“So, I have no worry about the future of oil. It is bright and robust,” he said in a paper at the just concluded Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) in the United Arab Emirates (UAE).
According to him, NNPC’s primary aspiration is to move Nigeria swiftly to full energy security and use energy as a tool to reduce disparity in prosperity.
Ewubare said: “The conversation here was about the transition to a greener future as it were. Nigeria is a country of over 200 million people and whatever we do has an impact in Africa and the rest of the world.
- Media Report