President Muhammadu Buhari,has appointed the former Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Farouk Ahmed, as the Chief Executive Officer for the Board of the Nigerian Midstream/Downstream Petroleum Regulatory Authority.
His appointment was contained in a letter by the President dated September 28, 2021 to the Senate President, Ahmad Lawan, titled: “Appointment of the Chief Executive Officer for the Board of the Nigerian Midstream/Downstream Petroleum Regulatory Authority.”
Ahmed’s appointment would replace that of Sarki Auwalu, the incumbent Director of the Department of Petroleum Resources (DPR), earlier named for the position.
Buhari said:“In accordance with the provision of Section 34(3) of the Petroleum Industry Act (PIA) 2021, I hereby forward for confirmation by the Senate the nomination of Engineer Farouk Ahmed as Chief Executive Officer for the Board of the Nigerian Midstream/Downstream Petroleum Regulatory Authority as a replacement of Eng. Sarki Auwalu earlier forwarded.”
Apart from being a former Executive Director (Commercial), Petroleum Products Marketing Company (PPMC), and later the Managing Director of the products marketing subsidiary of the Nigerian National Petroleum Corporation (NNPC), Ahmed was the Executive Secretary, Petroleum Products Pricing Regulatory Authority (PPPRA).
After his tenure at the PPPRA, Ahmed returned to the NNPC to serve as the Special Adviser to the Group Managing Director (GMD) of NNPC in charge of Downstream.
Prior to his stint at PPMC, Ahmed served as a Senior Crude Oil Trader with Duke Oil Inc; Manager, Crude Oil Export Programming and Nominations, Shipping and Terminals in the Crude Oil Marketing Division of the NNPC and Managing Director, NiDAS Marine Limited.
With over experience spanning 34 years’ of his professional career in the Nigerian oil and gas industry, Ahmed has a sound commercial and trading background at top management positions in NNPC and abroad.
