An indigenous upstream company, Levene Hydrocarbon, has restated its commitment to sustainable oil extraction and renewable energy sources as the world moves towards cleaner fuel.
This was disclosed in a paper made available on Monday.
The Executive Director, Upstream & Engineering Division, Levene Hydrocarbon, Bayo Adebiyi, said, “In the face of ongoing challenges and uncertainties in the energy sector, Levene Hydrocarbon remains steadfast in its commitment to innovation and sustainability. With its contributions to increased energy security, reliability, and economic growth, we will undoubtedly play a pivotal role in Africa’s oil production.”
The executive director said with the company’s expertise in the exploration, extraction, and initial processing of hydrocarbon resources, which include crude oil, natural gas, and bitumen, among others, it is well placed to bridge the gap between trading companies and local as well as international refineries while also engaging sovereign nations that own these hydrocarbon resources.
He said, “These exploits have increased our presence as a global energy brand providing innovative approaches to sustainably extract oil for increased energy security and reliability as countries steadily transition to cleaner energy sources, pending when green infrastructure is made available.
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