By Moses Patience Chat
The Nigerian National Petroleum Company Limited (NNPCL) has appointed Jean-Marc Cordier, former Vice President of Abu Dhabi National Oil Company (ADNOC), as Head of its oil trading arm – NNPC Trading Limited.
According to a statement issued at the weekend by Mr. Garba Deen Muhammad, who is the Chief Corporate Communications Officer of NNPC Limited, Mr Cordier’s appointment is in furtherance of the ongoing repositioning drive in the Company towards improved growth, better performance, and service delivery.
Cordier, a renowned international oil trader, who is of French and Swiss nationality, holds a Masters Degree in Corporate Finance with Distinction from Paris Dauphine University (Paris 9 University).
He comes into the role with a rich background spanning over 30 years in physical oil, oil derivatives, and risk management, with significant experience in reorganizing and creating a trading business.
He spent 24 years with Elf Trading/Total Trading in various positions as Trader, Trading Desk Manager in Geneva, and four years as the Global Trading Manager at Addax Energy in Geneva.
At ADNOC, Abu Dhabi, UAE, Cordier 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.
Mr. Cordier has since assumed duty at NNPCL.