The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has officially been announced as the President of the African Petroleum Producers’ Organization, APPO.
The hand over took place on Monday during the Opening Ceremony of the Extraordinary Session of the Council of Ministers of African Petroleum Producers’ Organization in Abuja with Vice President Yemi Osinbajo in attendance.
APPO is an organisation of African countries producing petroleum, founded in 1986.
The headquarters of the organisation is in Brazzaville, Congo.
The founding of APPO was spearheaded by Nigeria as an effort to mitigate the nation’s dependency on Western technology and Western markets for oil export revenues.