Connect with us
Advertise With Us

BUSINESS

NNPC Ups Structure To Boost Gas Utilisation

Published

on

The Nigerian National Petroleum Corporation (NNPC) has said that priority attention is focused on gas infrastructure development to jumpstart gas gathering and evacuation that will enhance domestic gas utilisation.

The corporation said it has started recording successes in this regard by rehabilitating damaged pipelines and establishing new ones.

Speaking at the corporations day at the ongoing Lagos International Trade Fair, group managing director of the NNPC, Maikanti Baru, said the corporation is leaving no stone unturned in its transformation initiative which is exerting energy on infrastructure to make the agency competitive in the industry.

Baru, who was represented by the chief operating officer, downstream unit of the corporation, Ikem Obi, said the management most recently completed the rehabilitation and restoration of the vandalised 36” and 42” QIT and 48” Forcados Oil Terminal (FOT) Export pipelines, leading to resumption of oil production operations.

The corporation has also completed the repair of the vandalised 20” ELPS-A pipeline, thereby ensuring gas supply to gas-fired power plants and also supply into the West African Gas Pipeline.

“We have also well 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),” Baru disclosed.

According to the GMD, the NNPC has completed the tank expansion at Atlas Cove Ddepot, re-opening of depot facilities at Mosimi, Ibadan, Enugu, Aba & Kano, Aba-PH pipeline, Jetty expansion projects among others.

On its retail business, Baru said the company is set to go beyond the 14 per cent local market share it is currently holding and to aid in achieving this target, it has expanded its retail outlets, especially those located in the South-West.

“We have the newly constructed ultra-modern mega station located along the Lagos-Ibadan Expressway, and I wish to assure you that the ongoing transformation is not limited to the downstream sector of our operations.”

Advertisement
Comments

MOST POPULAR

%d bloggers like this: