The United State Government has expressed readiness to work with the Nigerian National Petroleum Corporation (NNPC) .
The U.S Ambassador to Nigeria, James Entwistle told the NNPC management that the United States would provide the necessary assistance to help the team realize its sets goal and objectives.
Mr Entwistle acknowledged that the Group Managing Director of NNPC,Emmanuel Kachikwu, has his work cut out for him to reform the petroleum sector in line with the chance agenda of President Muhammadu Buhari.
Mr Kachikwu had earlier called for speedy deregulation of the nation’s oil and gas sector.
According to Mr Kachikwu, fuel subsidy is causing a drain on the economy.
“Subsidy creates distortion in government revenue distribution as a result of round-tripping and unnecessary carryover of expenditures every year in a way that is difficult for government to control or sustain
“Removal of price control mechanisms is deemed imperative to ensure full growth of the sub-sector, by allowing private stakeholders to complement the effort of government in developing the industry”, he said.
