President Bola Tinubu has revealed that the government is holding advanced discussions with Ogoni leaders to resolve long-standing disputes that have hindered oil production in the area.
Tinubu made this known on Wednesday while speaking at the formal commissioning of the Otakikpo Crude Oil Export Terminal in Rivers State.
The President said that the oil and gas industry will continue to play a dominant role in the world’s energy supply for decades to come, despite a global shift toward cleaner energy.
Represented by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, the President in his keynote address said new projections by the International Energy Agency have underscored the enduring relevance of oil and gas to global energy security, with the agency acknowledging that the world must commit about $540bn annually to upstream investments over the next 25 years to avert an energy crisis.