Crude oil as a major component of the global and local energy mix, will continue to remain relevant in the medium term, but expectations on the commodity have gradually changed, the Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor has disclosed.
Okunbor stated this in an interview, in the July 2018 edition of the KPMG Nigeria CEO Outlook. “Oil will remain a relevant component of global energy mix, and even more so for Nigeria, over the next 10 to 15 years, if not more,” Okunbor said.
According to him, “The mix will not radically change. What is clear is that society expects low-carbon footprints going into the future. I think that is key and everyone, particularly those who are as big as Shell, understands that and will work with society to change.”
Source: Energy Mix Report