A former vice-president of Abu Dhabi National Oil Company (ADNOC), Jean-Marc Cordier, has officially joined the services of the Nigerian National Petroleum Company Limited (NNPCLtd.) as head of its trading arm, NNPC Trading Limited.
NNPCLtd. informed today in a statement signed by its chief corporate communications officer, Garba Deen Muhammad, that Cordier’s appointment was in furtherance of the ongoing repositioning drive in the company, which is focused on improved growth, better performance and service delivery.
A renowned international oil trader, Cordier is a French-Swiss national and holds a master’s degree in Corporate Finance with distinction from Paris 9 University.
NNPCLtd said Cordier’s experience and rich background spanning over 30 years in physical oil derivatives and risks management, with significant experience in reorganising and creating a trading business, would sustain growth in the company.
Records showed Cordier spent 24 years with Elf Trading/Total Trading in various positions as Trader, and Trading Desk Manager in Geneva, and four years as the Global Trading Manager at Addax Energy in Geneva.
At Abu Dhabi National Oil Company, United Arab Emirates, Cordier served as Vice President, Middle Distillates; Senior Vice President, Risk Management, and Senior Team Member in charge of building the trading activity for ADNOC and the launch of ADNOC Global Trading AGT in December 2020.
The ICIR findings showed that the NNPCLtd trading arm would ensure that the oil company achieve global trading status on global stock exchange markets, like its counterparts, including Saudi Arabia’s Arabian-American Oil Company (ARAMCO), and even Brazil’s Petroleo Brasilero (Petrobras).
Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.