Facebook Twitter Instagram
    Trending
    • U-20 W’Cup: Nigeria Beat Argentina 2-0, Reach Quarter- Finals
    • Nintendo Ends Online Sales Of Games In Russia
    • National Assembly Compiles N30bn Lawmakers’ Severance Package
    • Reject Atiku’s BVAS Exhibits, Tinubu, INEC Tell Tribunal
    • Boat Operators Laud Tinubu Over Subsidy Removal
    • Ikeja Electric Web App Gets Upgrade
    • Students Protest As NASS Fails To Pass Anti-Sexual Harassment Bill
    • Sokoto To Pay Visiting Varsity Lecturers’ Outstanding Salaries
    Facebook Twitter Instagram YouTube
    Sync News NigSync News Nig
    • NEWS
      • Business & Economy
      • Politics
      • Banking & Finance
      • Tech & Innovation
      • Health
      • World
    • BRAND NEWS
    • SPORT
      • Football
      • Boxing
      • Basketball
    • ENTERTAINMENT
      • Celebrities
      • Music
      • Movies
    • FEATURED
    • TRAVELS & LIFESTYLE
      • Beauty &Health
      • Fashion
      • Food, Travel, Arts & Culture
      • Relationships & Weddings
    • SYNC TV
    Sync News NigSync News Nig
    Home»News»Chevron Nigeria Invests $1.45bn in Local Content Development – Report
    News

    Chevron Nigeria Invests $1.45bn in Local Content Development – Report

    Deborah AdegokeBy Deborah AdegokeSeptember 16, 2020Updated:September 16, 2020No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Chevron Nigeria Limited (CNL) invested $1.45 billion in Nigerian Content Development (NCD) in 2019.

    This was according to Chevron’s 2019 Corporate Responsibility Report, which was obtained by the News Agency of Nigeria (NAN) in Lagos on Tuesday.

    The investment is in response to the government’s drive to increase local capacity and expertise through indigenous operators’ participation in the lucrative oil and gas contracts, the oil major stated in the report.

    The report said to demonstrate its commitment to NCD, Chevron Nigeria’s local content policy had been updated, such that it gave contracting preference to competent Nigerian companies.

    The document added that the policy also promoted technology transfer.

    It said :”Our investment in Nigerian content in 2019 was approximately $1.45 billion.

    “Of this amount, expenditure on materials and services obtained from local community contractors was approximately $358 million.”

    The report listed projects executed by Chevron Nigeria and its indigenous partners to include Escravos Export System Project and Okan Gas Gathering Compression Platform (GCCP) Debottlenecking project.

    It said other projects executed were the Meji GCCP Debottlenecking project and Consolidated Maintenance Workshop project.

    According to the report, 184 Nigerians benefited from quality training valued at over $5 million in technical and professional skills in 2019.

    It said the company, with the support of the Nigerian Content Development Monitoring Board (NCDMB), also trained over 200 community contractors to build local capacity and strengthen indigenous participation in the oil and gas industry.

    Commenting on the report, Mr Jeffrey Ewing, Managing Director, Chevron Nigeria, said the company was focused on operational excellence and helping its host communities prosper.

    “We are committed to continually improving the quality of life of the people of Nigeria through our social investments and community engagement activities, ” Ewing said.

    Chevron Nigeria Chevron Nigeria Limited Chevron Nigeria Limited (CNL) CNL
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Deborah Adegoke

    Related Posts

    National Assembly Compiles N30bn Lawmakers’ Severance Package

    June 1, 2023

    Reject Atiku’s BVAS Exhibits, Tinubu, INEC Tell Tribunal

    June 1, 2023

    Boat Operators Laud Tinubu Over Subsidy Removal

    June 1, 2023

    Leave A Reply Cancel Reply

    Recent Posts
    • U-20 W’Cup: Nigeria Beat Argentina 2-0, Reach Quarter- Finals
    • Nintendo Ends Online Sales Of Games In Russia
    • National Assembly Compiles N30bn Lawmakers’ Severance Package
    • Reject Atiku’s BVAS Exhibits, Tinubu, INEC Tell Tribunal
    • Boat Operators Laud Tinubu Over Subsidy Removal
    Recent Comments
    • Exceptional Keto Diet on Airtel Partners Standard Chartered Bank To Expand Fintech Business
    • Keto Genics BHB on Airtel Partners Standard Chartered Bank To Expand Fintech Business
    • Exceptional Keto Diet on Airtel Partners Standard Chartered Bank To Expand Fintech Business
    • www.ortovivaistica.it on President Buhari Extends Eased COVID-19 Lockdown By Four Weeks
    • Total Perk Keto Reviews on Airtel Partners Standard Chartered Bank To Expand Fintech Business
    Archives
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • March 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • December 2018
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Facebook-f Twitter Instagram
    • Banking & Finance
    • Business & Economy
    • Health
    • Politics
    • World
    • Tech & Innovation

    Copyright ©, 2020-2021 syncnewsng.com. All Rights Reserved