On the recent fuel supply issues witnessed in some cities across the country, Baru said NNPC had, over the last few months, been engaging with relevant stakeholders to ensure the challenge remains “a thing of the past.”
Browsing: Nigerian National Petroleum Corporation
“It is my sincere belief that revitalising these critical infrastructure will promote efficiency in commerce, industry and agriculture. This will enable the nation’s entrepreneurs compete favourably with their peers across the globe, ” Baru said.
Nigeria’s refineries operate far below their combined capacity of 445,000 barrels per day due to years of neglect, as well as theft from pipelines and sabotage.
“NNPC is committed to implementing Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement aimed at combating global Climate Change, to which President Muhammadu Buhari signed, and deposited Nigeria’s ‘Instrument of Ratification’ to the United Nations Framework Convention on Climate Change (UNFCCC) in May 2017.”
“Come 2020 you will need modular refineries operating in this country to the tune of 75 modular refineries of about 10,000 barrels per stream day. You have that working or we will go back to the situation of the fuel shortage irrespective of the revamping of the refineries, irrespective of Dangote refinery coming on board.”
“The workshop will acquaint participants on the functionality of the new template for annual questionnaire introduced by OPEC Secretariat for member countries in relation to their crude oil production, proven reserves, export and refining capacity profiles.”
“Nigeria is a gas country with some oil. NLNG is a success story partly because we are in the mid-stream and most of the risks have been taken by the upstream companies. But the thing is that there is a market out there. “
The federal government in November 2017 disclosed that it was considering granting 13 operational licences for modular refineries in the Delta region. It also has, as part of its policy to revive the country’s oil sector, the Seven Big Wins, plans to incentivise the construction of modular refineries in the region.
“The Niger Delta Youth Council as well as its affiliates therefore pass a resounding Vote of Confidence on Boroh, as well as the Buhari-led administration for their efforts at maintaining enduring peace in the region through consistent timely interventions.”
“We would get to a point where Nigeria, definitely, would be a major supplier of refined petroleum products. It just has to happen. Nothing else makes sense. We are also saying directly to oil companies that a time would also come when we would not be open to see them move around all the crude oil they produce in Nigeria.”
