NNPC adopts new measures to ensure fuel availability for Yuletide and beyond

The Nigerian National Petroleum Corporation, NNPC, has adopted new measures targeted at enhancing fuel supply nationwide in the next six months and beyond. The measures, it was gathered included the rehabilitation of all domestic refineries, importation of 60 million litres of petrol daily and 40 days sufficiency from October 2018 to March 2019.

The plan, it was gathered aimed at ensuring availability of petrol in the last quarter of 2018 and first quarter of 2019, usually characterised by increased movement of goods and persons, from one part of the nation to another for Christmas and new year celebrations.

Mr. Ndu Ughamadu, Group General Manager, Group Public Affairs Division, stated: “Refineries rehabilitation project is on course, with detailed scope and costing for their repairs concluded whilst financing agreements are about to be executed for Engineering Procurement and Construction, EPC, using original refinery builders.”

He said NNPC is importing on average 60 million liters per day with current stock of about 1.8 Billion liters (37days sufficiency) while noting that depots and pipelines are under massive refurbishment and increased protection. He added “We have plans to sustain about 40 days sufficiency throughout October 2018 to March 2019 and sufficient volumes are being stored in all the coastal and inland depots.”

Source: Vanguard

 

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