By Ayobami Ayodeji
The Nigerian National Petroleum Corporation (NNPC) disclosed that it has completed the rehabilitation & restoration of the vandalized 36” and 42” QIT and 48” Forcados Oil Terminal (FOT) Export pipelines leading to resumption of production operations.
The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day at the ongoing Lagos International Trade Fair on Thursday in Lagos. The fair was organized by the Lagos Chamber of Commerce and Industry (LCCI).
Represented by Mr Ikem Obi, Chief Operating Officer, NNPC Downstream, Baru stated that “The corporation has also completed the repair of the vandalized 20” ELPS-A pipeline, thereby ensuring gas supply to gas-fired power plants and also supply into the West African Gas Pipeline”.
According to him, “We have also awarded the contract for the construction of the Ajaokuta-Kaduna-Kano (AKK) line gas infrastructure projects.Currently; NNPC is expanding and integrating our gas pipeline network system to meet the unprecedented domestic gas demand. We have recorded significant progress in the execution of key on-going gas pipeline infrastructure projects (ELPS II, OB3)”.
He further said “the corporation aimed to go beyond its current 14 per cent market share of the downstream sector.
“To aid in achieving this target, we have expanded our retail outlets, notable examples are, indeed, located here in the South-West.
“For example, we have the newly constructed ultra-modern mega station along the Lagos-Ibadan Expressway.
“The corporation is leaving no stone unturn to ensure that Nigerian Pipeline and Storage Company’s existing infrastructure are rehabilitated and new ones added as necessary steps to guaranteeing efficient storage and distribution of petroleum products across the nation, thereby ensuring supply reliability and energy security,”.
In his words “I wish to assure you that the ongoing transformation is not limited to the downstream sector of our operations. In fact, we have already kick-started the process of rebranding some critical midstream entities (NGC, NGMC, NGPTC, GPIC and NOFS), and as with the downstream, we are not only creating new logos for these companies, we are repositioning them all for global competitiveness in line with the 12 Business Focus Areas of our administration”.
Earlier at the fair, Mr Babatunde Ruwase, President of LCCI, said that the role of NNPC could not be overemphasised in ensuring petroleum products supply.