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UPDATE 1-Marketing division manager Kyari to head Nigerian state oil firm

Published 20/06/2019, 09:03
UPDATE 1-Marketing division manager Kyari to head Nigerian state oil firm

(Adds details)
LAGOS, June 20 (Reuters) - Nigerian President Muhammadu
Buhari has appointed a new group managing director of the
Nigerian National Petroleum Corporation (NNPC), the state oil
firm said on Thursday, one of his first appointments since
starting a second term in office last month.
Nigeria is Africa's biggest crude producer and the oil
industry is the mainstay of the continent's biggest economy.
Crude sales provide around 90 percent of Nigeria's foreign
exchange - and a slump in oil prices pushed the economy into a
recession in 2016.
"President Muhammadu Buhari has appointed Mr. Mele Kolo
Kyari as the new Group Managing Director of the Nigerian
National Petroleum Corporation," the company said in an emailed
statement.
It said Kyari, a geologist who was previously group general
manager of NNPC's crude oil marketing division, and since last
year doubled as Nigeria's representative to the Organization of
the Petroleum Exporting Countries, had been appointed alongside
seven chief operating officers.
The statement said the newly appointed officials will take
up their new positions on July 8.
Buhari was inaugurated in May after winning a presidential
election earlier this year. He has made a few appointments in
the civil service but has yet to appoint ministers.

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