Promoted in early June 1999 from crude oil marketing director to Group Managing Director of NNPC, Obaseki is an experienced oilman. He succeeded Alhaji Dalhatu Bayero, who had the top NNPC post from mid-1995. As soon as he took over as company CEO, Obaseki changed NNPC's external oil marketing strategy and, acting on President Obasanjo's order, he announced the cancellation of all annual sales contracts for crude oils and fuel oil. He gave the companies concerned a 90-day notice ...