IPDI Congratulates Ken Etete of Century Group, others, for historic lifting of Obodo blend for international export

By Monday Peters, Abuja

A leading advocacy group under the umbrella of the Ijaw People’s Development Initiative, IPDI has celebrated Sir Ken Etete of Century Group, Dr Mike Adenuga of Conoil, Mr Bayo Ojulari, GCEO NNPCL, and Wale Tinubu of Oando Plc. Plc for the historic lifting of Obodo blend for international export.

This was contained in a statement signed by its national president Comrade Ozobo Austin, where a copy was sent to newsmen on Thursday.

IPDI maintained that the Ijaw people were proud that a Niger Deltan, Etete has moved from building and sustaining peace in the region with numerous initiatives and resources to ever commit to add value to the Nigeria economy to actualise the vision of Mr President’s renewed hope agenda.

Congress news gathered that years ago, daily production attributable to Nigerian companies was less than 120,000 barrels of oil per day (bpd), Nigerian private sector companies owned just 6 percent of Nigeria’s daily production, despite owning over 30 percent of licences but today, this story has changed considerably.

However, with the unfolding development, the indigenous firms can no longer be described as minority partners, they have developed the financial resources and technical expertise to make them formidable forces within the energy industry, fortified by their ability to own and operate their own assets independently or in favourable partnerships.

Meantime, these experienced professionals hard work had resulted in an over 100 percent jump in the percentage of Nigeria’s oil production.

Meanwhile, the Century Group who oversaw the offtake from its own FPSO, TAMARA TOKONI had proven the ability that Nigeria had the capacity to establish one of the largest and most value-creating domestic upstream industries in the world.

The statement reads, “As Ijaw people, we are proud that a Niger Deltan is not just building and sustaining peace in the region with numerous initiatives and resources but also ever committed to add value to the Nigeria economy to actualise the vision of Mr President’s renewed hope agenda”.