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Delta sign Stakeholders Agreement with NNPCL

Delta sign Stakeholders Agreement with NNPCL

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By: Emmanuel Abi Couson

 

Delta State Governor Rt Hon. Sheriff Oborevwori has signed Shareholders’ Agreement between the state and UTM Offshore limited, NNPC limited .

The ocassion took place at the NNPC Towers Abuja.

Revealing this in his X page , the governor said “the UTM Floating Liquified Natural Gas (FLNG) is the first of its kind in Nigeria and the first time such a project is being developed by an indigenous private company”

According to him it is ‘Of special interest to the Delta State Government is the dividends that this project will generate to advance the socio-economic development of our dear state. We envisage that this project will create job opportunities for our youths, which is one of the four pillars of our MORE Agenda.”

He said “we are proud that the Group Managing Director of UTM, Mr. Julius Dediare Rone is our son, a Deltan.”

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