TheCable

The Nigerian National Petroleum Company (NNPC) Limited says Jean-Marc Cordier has joined its oil trading arm, NNPC Trading Limited.

Garba Deen Muhammad, NNPC spokesperson, made this known in a statement on Monday in Abuja.

According to the statement, Cordier, who is a former vice-president of the Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE), joined the organisation as head of NNPC Trading.

Muhammad said the appointment was part of the company’s ongoing repositioning drive toward improved growth, performance, and service delivery.

He described Cordier — a French/Swiss national — as a renowned international oil trader.

According to Muhammad, Cordier holds a masters degree in corporate finance with a distinction from Paris 9 University.

“Cordier 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,” he said.

“He spent 24 years with Elf Trading/Total Trading in various positions as a trader, trading desk manager in Geneva, and four years as the global trading manager at Addax Energy in Geneva.

“At ADNOC in Abu Dhabi, UAE, he served as vice-president, middle distillates, senior vice-president risk management, senior team member in charge of building the trading activity for ADNOC and the launch of ADNOC Global Trading (AGT) in December, 2020.”

Muhammad said Cordier has since assumed duty in the company.