The NNPC boss disclosed that plans were underway to end the oil-for-fuel swap system in the nearest future.
Kyari also disclosed that NNPC is also investing in domestic gas utilization projects.
The project is expected to be operated on a public-private partnership basis.
They talked on “ways of cooperation to enhance the stability “ of the Crude market.
If cases soar in China and the United States, then the global economy is in for a cataclysmic shock.
Nigeria had previously failed at complying completely with its promised cuts in past months.
The supply will overshoot the demand in a short time and we will likely slide to where we were in early March 2020.
Mele Kyari disclosed that the country will implement all of the output cuts that were agreed, by the middle of July at the latest.
NNPC has stated that vandalism of its pipelines across the country rose by a phenomenal spike of 50% in January 2020.
The Federal Government has given reasons why it stopped subsidy on fuel and fully deregulated the downstream sector of the petroleum industry.
