DEREGULATION: NNPC To Support Deployment Of Compressed Natural Gas (CNG) Facilities—The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country.
Speaking on TVC Business Show, Business Nigeria Live, the Group Managing Director of the Corporation, Mallam Mele Kyari, affirmed that the National Oil Company has already keyed into the gas penetration agenda as championed by the Honourable Minister of Petroleum Resources, Chief Timipre Sylva.
He said as an energy company with focus on cleaner and cheaper sources of fuel, the Corporation would continue to work with other stakeholders in the industry to provide viable alternatives to petrol which would ultimately lead to reduction in demand for the product and eventual reduction in price.
Kyari also shed more light on the status of the nation’s refineries, noting that the plants were deliberately shut down to allow for a robust diagnosis of the issues which have overtime made it impossible for the facilities to operate up to their name plate capacity.
The GMD said that the shutdown also became inevitable due to difficulties in feeding them with crude oil via the pipelines that have been completely compromised by vandals.
He said the Corporation was moving rapidly to execute complete rehabilitation of the refineries under an exercise that would guarantee restoration of the facilities to at least 90 percent capacity utilization.
Dr. Kennie Obateru
Group General Manager
Group Public Affairs Division
Nigerian National Petroleum Corporation
NNPC Towers, Abuja.
13th September, 2020.
BREAKING: Fire Guts Popular Kantin-Kwari Textile Market In Kano [PHOTO]---A fire outbreak on Saturday night…
Victor Osimhen has been ruled Out of Super Eagles Vs Libya squad As Eguavoen Announces…
Tragic Loss As Nollywood Actor, Saheed Balogun Loses Daughter, Zeenat---Popular Nollywood actor, Saheed Balogun, is…
BREAKING: Governor Fubara Regains Control As APP Wins 22 Chairmanship Seats In Rivers State LG…
Arsenal Vs Southampton Live Stream Match has emerged. The Genius Media Nigeria reports that Arsenal…
BREAKING: Heavy Gunfire At Nyesom Wike’s Ward As Rivers State Local Government Election Turns Violent---The…