IPF Felicitates Ken Etete of Century Group for Being International Exporter in Oil Industry

By Monday Peters, Abuja

• The Ijaw Media Council, under the auspices of the Ijaw Publishers’ Forum, IPF, has appreciated Sir Ken Etete of Century Group, Dr Mike Adenuga of Conoil, Mr Bayo Ojulari, GCEO NNPCL, and Mr Wale Tinubu of Oando Plc for the historic lifting of Obodo blend oil for international export.

This was contained in a statement signed by its national secretary, Mr Tare Magei, a copy of which was sent to journalists on Thursday.

IPF maintained Etete’s commitment and sacrifices had earned him the great feat, stating that he was a peace builder and now joined the big men in the international oil industry, adding value to the Nigeria economy to actualise the vision of Mr President’s renewed hope agenda.

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According to a report, 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.

Consequently, with the emerging victory, the indigenous firms can no longer be relegated as minority partners, having 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.

It was further learned that Etete and other experienced professionals hard work had resulted in an over 100 percent jump in the percentage of Nigeria’s oil production.

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However, 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.

IPF said, “Etete’s commitment and sacrifices has earned him this great feat, he was a peace builder and now joined the big men in the international oil industry, and today he is adding value to the Nigeria economy to actualise the vision of Mr President’s renewed hope agenda.”