Oil & Energy
Pipelines Transport 2bn Litres Of Petroleum Products – NPSC
Over two billion litres of petroleum products have been transported through the pipeline since 2016, Mr Luke Anele, The Managing Director of Nigerian Pipelines Storage Company (NPSC), has said.
Anele, who made the fact known in an interview with newsmen in Abuja, last said the country had enough stockpile of products being distributed through the pipelines.
“By estimate, we have transported millions of products, in fact over two billion litres of products have been moved through the pipelines since inception.
“Our major stockpile now is the Mosimi Depot and at any point in time, we have a little above 100 million litres.
“And we have the other depots — we have in Satellite, we have in Ibadan; if you add up Ibadan, add up Satellite, and our depot at Atlas Cove, add Aba depot, we will have about 200 million litres at this point, excluding the ones at our day tanks in Warri Refinery and Port Harcourt Refinery,” he said.
Commenting on effect of vandalism to transportation of products, Anele said that bulk of the vandalised point was from Aba and Enugu.
He said that in the process of reactivating the pipelines some of them were ruptured and were difficult to weld.
“We will continue to prepare them anytime because we cannot afford to shut down for a very long time, so, we will continue to make repairs any time we find a window that is down,” he said.
He noted that the country lost reasonable volume of products resulting from vandalism and ageing of the lines.
Anele noted that in 2018, the company engaged National Engineering Technology Company (NETCO) to carry out a study and check the state of the facilities.
He said the step was for it to serve as an in-house estimate for proposals to get in third parties to put the pipelines under Public Private Partnership to change them.
According to him, most of the ruptured pipes are old and located in areas that are prone to attack.
“So what NETCO did was to develop an in-house estimate which will serve as our in-house estimate to benchmark whatever a third party brings forth when we open up the issues of pipelines and other critical infrastructure.
“They have finished the work and have given us preliminary report and then what we will take up from them is the final report, full and final presentation for us to study,” he added
He said that with viable pipelines, the country would realise huge revenue through transportation of products.
“If we have new pipelines, well protected, we will have what is called open access, so many companies will like to move their products through our pipelines.
“And with our depots revamped, you might decide to have your product berth at Port Harcourt and we pump into the line to Makurdi or any place of destination and you pay us for the service.
“If you want your product in, Minna, Suleja etc, we can pump through Warri with those facilities, “ he said.
He noted that a major challenge was the issue of trust and reliability.
“By the time this is done, we have now regenerated confidence in investors and users, also, the issue of clustering around Lagos will reduce,” Anele said
Oil & Energy
Renewable Energy Investment Forum Begins Nov. 25
Nigeria’s growing solar market will take centre stage as the Renewable Energy Forum Africa (REFA) 2026 holds in Lagos on November 25-26 with the backing of the Rural Electrification Agency (REA).
Organised by the Africa Solar Industry Association (AFSIA) and supported by SolarPower Europe, the forum would bring together investors, developers, regulators, utilities and policymakers at the Radisson Blu Anchorage Hotel, Victoria Island.
The agency said the forum would strengthen partnerships, attract investment and support Nigeria’s clean energy and local manufacturing ambitions.
REA Managing Director, Abba Abubakar Aliyu, is billed to deliver the keynote address at the opening plenary.
The country also leads the continent in mini-grid capacity with 132MWp, while its commercial and industrial (C&I) solar capacity stands at 385MWp.
The market is receiving fresh support through the $750m World Bank-backed Distributed Access through Renewable Energy Scale-up (DARES) programme, targeting 1,350 mini-grids and electricity access for 17.5 million Nigerians.
Oil & Energy
CBN Appoints Eight New Pre-shipment Agents For Crude Oil And Gas Exports
Oil & Energy
What’s Next for Global Natural Gas Demand?
-
Rivers2 days ago
Don Seeks Repositioning Of Tech Education For Dev
-
Education2 days agoPAMO MEDICAL UNIVERSITY -Nullifies Arrest warrant on VC
-
Niger Delta2 days ago
PANDEF Seeks 50% Oil Derivation Allocation Increase
-
Education2 days agoIAUE MOVES TO END GHOST WORKERS SYNDROME AS 400 NEW NON-TEACHING STAFF UNDERGO MANDATORY ETHICS TRAINING
-
News2 days agoFresh Ebola Scare As NCDC Records Two Cases
-
News2 days ago
Customs Partners EFCC, NDLEA, Others To Tackle Money Laundering, Terrorism Financing
-
Politics2 days ago2027: South-East Govs Insist On Tinubu’s Re-election
-
Politics2 days ago2027: RIVERS GUBER CANDIDATES SIGN CHARTER TO PRIORITIZE CITIZENS’ DEMANDS
