In a bid to ensure lean, efficient and profitable operations, the
Nigerian National Petroleum Corporation (NNPC) is to commence the
unbundling of the Pipelines and Products Marketing Company Ltd into
three different companies.
The Group Managing Director of the NNPC, Dr. Ibe Kachikwu made this
disclosure during an official tour of the Okrika Jetty and the Port
Harcourt Refining Company Limited on Wednesday.
Dr. Kachikwu stated that the PPMC would be split into a pipelines
company that would focus primarily on the maintenance of the over five
thousand kilometers pipelines of the Corporation;a storage company
that would maintain all the over 23 depots and a products marketing
company that would market and sell petroleum products.
He informed that the move would ensure that the right set of skills
are rightly positioned and the number of leakages in terms of
pipelines break and products loss are reduced to the barest minimum.
The GMD noted that the ongoing phased rehabilitation of all the state
owned refineries would be given an accelerated vigour with the aim of
reducing petroleum products importation into the country, adding that
at full capacity, all the refineries could supply only 20 million
litres of premium motor spirit otherwise known as petrol on a daily
basis.
Dr. Kachikwu affirmed that the refineries would not be sold but joint
venture partners with established track records of success in refining
would be invited to support the running of the refineries in order to
ensure efficiency.
He stated that efforts are in top gear to fix all the crude and
petroleum products pipelines across the country stressing that the
Nigerian Airforce would be engaged to provide aerial survey of the
pipelines, the Nigerian Army Engineering corps to fix and police the
pipelines and the Nigerian Navy to provide marine surveillance for the
network of pipelines.
Dr. Kachikwu commended the NNPC’s Engineers for the successful
execution of the ongoing phased rehabilitation of the refineries while
urging them to prepare a replacement programmes for obsolete spare
parts of all the Corporation’s installations in order to avoid
intermittent shut down of facilities.
Speaking in a similar vein, the Managing Director of the PHRC, Dr.
Bafred Audu Enjugu said the ongoing phased rehabilitation of the
company cost a little less than $10 million adding that the job was
holistically carried out by indigenous Engineers without any foreign
support.
On her part, the Managing Director of Pipelines and Products Marketing
Company Limited, Mrs. Esther Namdi-Ogbue assured the GMD that the
Company would think outside the box to provide solutions to all the
challenges confronting the Company.
Trending
- Alleged defilement of girlfriend: 23-year-old student freed after two years
- We’re not aware of any BoT in Labour Party — NEC
- Anambra police station attacked, set ablaze
- National Convention: We gave INEC over 100 days notice – LP
- Naira falls against dollar by 0.7%
- Delta Killings: Traditional ruler declared wanted surrenders self
- 3rd Mainland Bridge: Minister gives date for full reopening
- Eve’s Desire: Challenges of a loveless marriage, by Tiwa Says