BREAKING: Minister Of State For Petroleum Resources, Ibe Kachikwu, Gets New International Juicy Appointment, Breaks Record

By Post-Nigeria: June 12, 2018 14:06

BREAKING: Minister Of State For Petroleum Resources, Ibe Kachikwu, Gets New International Juicy Appointment, Breaks Record

The Minister of State for Petroleum Resources, Ibe Kachikwu, has emerged the next President of the African Petroleum Producers Organisation, APPO.

Kachikwu was announced the President of APPO in Abuja on Monday night.

He is expected to lead the organisation to the next phase of its operation which would include re-strategising for the emerging challenges of the global oil industry.

He took over from Michel Boukar, a Chadian.

APPO was founded in 1986 in Lagos, with its headquarters in Brazzaville in the Congo.

It currently comprises 14 member countries which include Algeria, Angola, Benin, Cameroon, Chad, Democratic Republic of Congo, Congo Brazzaville, Côte d’Ivoire, Egypt, Gabon, Equatorial Guinea, South Africa, Libya, and Nigeria.

The founding of APPO was reportedly spearheaded by Nigeria as an effort to mitigate its dependency on western technology and western markets for oil export revenues.

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