Chevron Nigeria Limited has denied reports that it has snubbed Nigeria in terms of investment prospects in 2024.
The firm said it was committed to sustaining the existing mutually beneficial and long-term relationship with Africa’s largest economy.
This information was disclosed in a statement on Monday.
Chevron operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation for the onshore and offshore assets in the Niger Delta region.
The statement read, “CNL is aware of a misleading media report alleging that CNL has snubbed Nigeria in terms of investment prospects in 2024.
“Please note that the allegation is untrue and does not represent the position of CNL in Nigeria.
“CNL remains committed to sustaining the existing mutually beneficial and long-term relationship with Nigeria and other stakeholders, as demonstrated by our significant economic and social investments in Nigeria over the last six decades. These investments have generated visible and viable socio-economic development in several communities across Nigeria.
“CNL affirms that capital discipline and higher returns to shareholders remain some of our top priorities. CNL will, along with industry peers in Nigeria, continue to engage the government on policies and opportunities to ensure global competitiveness and sustainability of the petroleum industry,” the statement noted.
