“The task force committee is also expected to check diversion and selling the product in 10 and 20 litre containers and other fraudulent activities being perpetrated unpatriotic elements,” he said.
Browsing: Oil
Adeniran said the Corporation would always keep faith with its mandate of ensuring energy sufficiency, adding that the corporation has taken adequate measures to normalize products supply situation in the country.
“I am pleased to say that this vision is complementary to NNPC’s mandate to ensure products availability and seamless transportation across Nigeria. It is a bold stride at complementing Government’s effort,” Baru noted.
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Kachikwu explained that Nigeria and Libya, which had enjoyed exemption from the cap were technically allowed to maintain their status quo. However, with pledges, they would watch the volumes of oil they will bring to the market in 2018 so as not to disrupt the market rebalancing efforts.
Fari explained that when the proposed oil tank field and refinery project is executed, it will have tremendous economic effects like ensuring regular availability and stabilising the prices of petroleum products throughout the federation.
