L
LequteMan
Guest
Nigerian refineries will soon be allowed to operate as semi-autonomous entities in order to be profitable, Punch reports.
“The new model is that refineries will now buy their own crude oil, refine it and make remittances to the Federal Account Allocation Committee. They will operate a semi-autonomous system that will enable them to run in a profitable manner,” NNPC GMD Ibe Kachikwu said.
A ‘Clean Nigeria after Oil Initiative’ would be introduced in 2016, he said according to PUNCH.
He said the initiative would put in place a process where all the IOCs operating in Nigeria would adopt global best environmental practices to guarantee the sustenance of the flora and fauna of communities where they operate even after they had long gone from the country.
He said, “I will engage the IOCs to stand up and get counted in the area of best environmental practices in 2016. This initiative will help the IOCs to maintain a cordial relationship with the communities where they operate and the communities too will be satisfied with the efforts at the end of the day.”
“The new model is that refineries will now buy their own crude oil, refine it and make remittances to the Federal Account Allocation Committee. They will operate a semi-autonomous system that will enable them to run in a profitable manner,” NNPC GMD Ibe Kachikwu said.
A ‘Clean Nigeria after Oil Initiative’ would be introduced in 2016, he said according to PUNCH.
He said the initiative would put in place a process where all the IOCs operating in Nigeria would adopt global best environmental practices to guarantee the sustenance of the flora and fauna of communities where they operate even after they had long gone from the country.
He said, “I will engage the IOCs to stand up and get counted in the area of best environmental practices in 2016. This initiative will help the IOCs to maintain a cordial relationship with the communities where they operate and the communities too will be satisfied with the efforts at the end of the day.”
