Information reaching TheNewsGuru.com (TNG) has it that the Chief Operations Officer (Joint Ventures and Business Development), of the Nigerian National Petroleum Corporation (NNPC) Dr. Roland Onoriode Ewubare has resigned from the corporation.
According to insider sources, Ewubare who is the only South South top hierarchy in the corporation tendered his resignation on Wednesday, July 1 and has finalised plans to immediately return to the United States where he was recruited to join the corporation.
TNG reports that President Muhammadu Buhari had on June 20 2019 appointed Malam Mele Kolo Kyari as Group Managing Director (GMD) and eight Chief Operating Officers (COOs) including Ewubare but they all officially resumed duty on July 8 2019 after a formal hand over by the late and immediate past GMD, Maikanti Baru on July 7 2019.
TNG reports that while it is widely circulated that Ewubare resigned based on health grounds, however, independent investigations revealed that he was frustrated out of office by those opposed to his genuine intentions of entrenching accountability in the system.
According to Ewubare: “There’s some confusion in the market around the parameters for the production cuts. Nigeria has a full production capacity of about 2.3mbpd. We are currently producing between 1.6 and 1.7mbpd. Our OPEC quota as a result of the cuts is about 1.4mbpd. You and I know that condensate is not included in the computation of the cut numbers. So what we have is 1.4mbpd of crude oil. The little you see above 1.4mbpd is made up of condensate which does not count as part of the basis for assessing our OPEC quota”.
TNG reports that prior to becoming Chief Operating Officer (Upstream) Ewubare who hails from the South-South part of Nigeria was a very close adviser to the recently deceased General Manager of the NNPC, Maikanti Baru, under whom he served as Group General Manager (NAPIMS).
It is also on record that that NAPIMs under Ewubare for the first time made a major breakthrough in reporting a humongous profit in trillions
Before his NAPIMS’ appointment, he was the Managing Director of the Integrated Data Services Limited (IDSL), a seismic data acquisition company of NNPC based in Benin City in Edo State.