See the profile of the new NNPC Group CEO, Bayo Ojulari

• President Bola Tinubu has replaced the Board of the Nigerian National Petroleum Company Limited (NNPC)
• Tinubu besides sacked Mele Kyari arsenic the NNPC Group CEO, appointed Bayo Ojuri, a mechanical engineer, arsenic the caller CEO of the authorities lipid firm
• Ojulari was the managing manager of Shell Nigeria Exploration and Production Company (SNEPCo) from 2015 to 2021

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

President Bola Tinubu has reconstituted the committee of the Nigerian National Petroleum Company Limited (NNPC), removing Mele Kyari arsenic the Group Chief Executive Officer (GCEO).

He appointed Bayo Ojulari arsenic the caller NNPC GCEO, tasking him with crude lipid output for Nigeria.

The caller Group CEO of NNPC, Bayo Ojulari and Mele Kyari Credit: Bloomberg/Contributor
Source: Getty Images

Tinubu sacks Mele Kyari, replaces him with Ojulari

Ojulari took implicit from Kyari, who has been NNPC’s brag since July 2019. He is the longest-serving NNPC CEO since 1999.

Ojulari has implicit 34 years successful the planetary lipid and state manufacture spanning the absorption of petroleum plus acquisition and divestment, exploration, tract development, accumulation absorption and different areas.

Ojulari’s assignment arsenic NNPC main seeks to leverage Nigeria’s lipid accumulation by achieving implicit 2 cardinal barrels of lipid regular portion maximising worth for Nigeria’s economy.

Ojulari's Career

He graduated from Ahmadu Bello University with a Bachelor of Engineering successful Mechanical Engineering and began his vocation astatine Elf Petroleum Nigeria.

Ojulari joined Shell and spent implicit 24 years successful assorted enactment positions successful Nigeria, Europe, and the Middle East.

He was the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) from 2015 to 2021.

While astatine Shell, helium supervised deep-water assets, with a accumulation capableness of 320,000 barrels regular and an yearly operating outgo of $1 billion.

His enactment astatine Shell

Under his leadership, Shell Nigeria achieved robust milestones, including a 20% accumulation increase, a 30% simplification successful operational costs, and a 40% simplification successful task costs.

He was awarded the Bonga Asset grant arsenic the Asset of the Year successful 2016.

His dialog abilities allowed him to navigate analyzable commercialized agreements, which were instrumental successful securing caller product-sharing contracts and quality solution agreements with OML-118, starring to maturation projects worthy betwixt $6-8 billion.

His assignment comes amid important challenges successful NNPC, specified arsenic pipeline vandalism, lipid theft, and the telephone to diversify Nigeria’s lipid portfolio.

President Bola Tinubu removes Mele Kyari arsenic NNPC Group CEO. Credit: NNPC
Source: Facebook

Experts judge Ojulari’s grounds of delivering results successful pugnacious environments makes him the perfect person to instrumentality NNPC done the challenges.

Kyari gives update connected reviewers' fate, comparing NNPC fuel

Legit.ng earlier reported that the radical main enforcement serviceman (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has revealed that information and ineligible actions person been taken against those misleading Nigerians astir the company.

Legit.ng had reported that a caller viral video compared petrol from the Dangote refinery and NNPC filling stations, showing that NNPC allegedly has a higher pain complaint than Dangote fuel.

The nationalist lipid institution instantly discredited the video, calling it amateurish and baseless.

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Source: Legit.ng