By William Madouk
The board of directors of Nile Petroleum Corporation (Nilepet) adopted reforms plans by Eng. Bernard Amour Makeny to raise the stature of the oil corporation to be in comparison with universal peers.
The board of directors headed by the minister in the Office of President, Dr. Barnaba Marial in its 11th ordinary meeting directed the managing director to revamp national oil corporation.
“[The board of directors] directed the new management of Nilepet to transform the corporation form the current structure to reflect the international standards of a national oil company,” partly reads statement seen by this outlet.
The board also appraised the work program, budget for FY 2023, new salary structures and new human resource policy to address issues of over-employment and redundancy.
“The board directed Nilepet to ensure compliance with the approved budget and strict spending based on public financial and accountability laws and regulation of the country,” the board said in their resolution letter.
“The board urged Nilepet to implement the board of directors’ review and reforms committee recommendations in the areas of human resources, liability and assets of the corporation,” it added.
The Directors did debate on new areas of investment in the industry to empower Nilepet to be profit-making oil firm, including effective policies of the secondment of company staff to subsidiaries and joint operating companies.
According to them, this is to streamline employment and recruitment to be efficient, transparent and based on merits to reflect regional diversity as well as 35 per cent women quota.
“The board resolved that Nilepet should participate actively in exploration and engage its foreign partners to increase production in oil and gas in South Sudan,” it added and “urged Nilepet to improve its performance and work ethics in championing oil and gas industry.”
The Managing director was also told to alleviate the company to international standards exhibited by peers like ARAMCO, ADNOC, CNPC and SONANGOL.
Recently, the national oil and gas company, Nilepet said it has acquired another 2 percent oil shares in Dar Petroleum Operating Company (DPOC) shareholdings, bringing its ownership in petroleum stake to 10 percent.
Ascending to helm of Nilepet on January this year, Makeny vowed to clean up malpractices adding that he “would not prevent employees from taking their salaries, but he would prevent them from taking public funds.”
Makeny said, he will not target any employee on the basis of their tribe or relationship with their former boss but will not hesitate to crack the whip at the slightest detection of laziness that slows down productivity.
Two weeks ago, Makeny said he had highlighted his blueprints to the head of state and what remains is the execution.
Recently, the Managing Director of Nilepet, Makeny, said he is working to raise the stature of the oil corporation to meet the international level exhibited by peers like Petronas.