The new Nigerian National Petroleum Company Ltd (NNPC Ltd.) will be unveiled by President Muhammadu Buhari on July 18, 2022.

The Chief Executive Officer of the company, Malam Mele Kyari, said this on Tuesday while receiving the CEO of the Year 2021 Award from the Leadership Newspapers Group in Abuja.

The Leadership Annual Conference and Awards also saw Vice President Prof. Yemi Osinbajo and World Trade Organisation (WTO) Director-General, Dr. Ngozi Okonjo-Iweala receive the Leadership Person of the Year Awards.

Speaking virtually from Luanda, Angola where he is attending the meeting of the African Petroleum Conference (CAPDE VIII), Kyari expressed “profound appreciation” toward the award.

He thanked the Leadership Newspapers Group for recognizing the efforts of the NNPC.

He said such recognition was a challenge to do more.

The News Agency of Nigeria (NAN) reports that the new Petroleum Industry Act (PIA) 2021, restructured and empowered the NNPC as a new entity.