Refineries Resume Full Production, Soon

The Nigerian National Petroleum Corporation (NNPC) has reassured that the nation’s four refineries would soon get back to their optimal, nameplate capacities.
Group Managing Director, Dr Maikanti Baru disclosed this in a statement signed by the corporation’s spokesman, Ndu Ughamadu, yesterday, in Abuja.
Baru gave the assurance shortly after receiving this year’s Man of the Year Award from Nigerian NewsDirect, a Lagos-based daily publication, in Lagos.
He said the corporation had been holding far-reaching discussions with some consortia to get the best funding options towards the refineries’ overhaul.
The NNPC GMD added that the corporation, under his watch, had recorded remarkable progress in resuscitating some of the nation’s critical downstream infrastructure.
This development, he said had ensured seamless supply of products nationwide, until the recent past hiccups which is now under control.
“Since coming on board, we have made the revamp of our abandoned assets and critical downstream infrastructure a key component of our corporate vision of 12 Business Focus Areas (BUFA),” he stated.
Baru added that over the last few months, several crude oil, petroleum products and natural gas pipelines were resuscitated while more than half of the nation’s 21 strategic depots were also upgraded.
He decried acts of pipeline vandalism, crude oil theft and sabotage which he noted had resulted in huge loss of revenue, lives and property as well as damage to the environment.
The GMD called on the security agencies and other stakeholders nationwide to collaborate with the corporation in its on-going campaign against act of sabotage on the nation’s oil and gas facilities.