Nigerian oil marketers receive forex for fuel imports

*Petroleum products laden vessels.

*NNPC recommissions System 2B petroleum products pipeline network

20 March 2017, Sweetcrude, Lagos —
The Nigerian National Petroleum Corporation (NNPC) has disclosed that petroleum marketers have received foreign exchange to facilitate the importation of diesel, petrol and aviation fuel.

As part of efforts to guarantee the seamless supply and distribution of petroleum products, the Corporation has also recommissioned its System 2B pipeline network.

The NNPC made the disclosure in a statement, adding that as part of efforts to support domestic refining, the Corporation will continue to import diesel and aviation fuel.

“The NNPC has in stock, a robust inland supply of over 1.2 billion litres of petrol sufficient for more than 34 days forward consumption.”

The Corporation’s product supply outlook for March to May 2017 shows that steps have been taken to ensure the adequate supply of diesel and aviation fuel.

The NNPC disclosed that it has re-commissioned the strategic 479.2 kilometres System 2B petroleum products pipeline network linking the Atlas Cove Jetty to Mosimi-Ejigbo-Ibadan and the Ilorin depots.

The NNPC said the recommissioned facility will enhance seamless distribution of petroleum products nationwide, especially with the envisaged resumption of loading activities at the Mosimi, Ejigbo and Ibadan depots.

“The Calabar and Aba depots have been stocked with AGO while AGO loadout at Kano depot would commence soon,” the statement disclosed.

About the Author