Fakoyejo Olalekan
The Nigerian National Petroleum Company Limited (NNPC) Limited has appointed a former Vice President of the Abu Dhabi National Oil Company, Jean-Marc Cordier, to head NNPC Trading Ltd.
In a statement released by NNPC, Cordier will bring his 30 years of experience comprising physical oil, oil derivatives, and risk management.
Join our WhatsApp ChannelThe French and Swiss national was appointed as the NNPC restructures its trading subsidiary to improve the growth and performance of its balance sheet.
“A renowned international oil trader, Cordier, a French/Swiss national, holds a Master’s degree in Corporate Finance with Distinction from Paris 9 University.
“He comes into the role with a rich background spanning over 30 years in physical oil, oil derivatives, and risk management, with significant experience in reorganising and creating a trading business,” the statement speaks of Cordier.
Also addressing Cordier’s appointment on Tuesday, 21 March 2023, is the Chief Upstream Investment Officer (CUIO) of NNPC Upstream Investment Management Services (NUIMS) Bala Wunti, who described Cordier as an internationally renowned oil trader with vast industry knowledge and networks.
Wunti said Cordier has built successful international oil trading businesses across various jurisdictions, assuring that he will improve the oil trading activities of the NNPC.
“It is with immense pleasure that I welcome my friend, Jean-Marc Cordier, as he joins the NNPC Ltd family. Over the years, I have known Mr Cordier as an internationally renowned oil trader with vast industry knowledge and networks.
“He has over three decades of experience in building successful international oil trading businesses across various jurisdictions. We are indeed excited that he will drive our oil trading activities and support NNPC Ltd to become the dynamic global energy company of choice,” Wunti wrote in a statement posted on the social media platform, Twitter.
