L
LequteMan
Guest
According to the Group Managing Director of the NNPC, Mr. Emmanuel Ibe Kachikwu, Nigeria's refineries are not performing optimally because they are unable to access crude oil for refining.
He said the four refineries are battling with obsolete equipment and are unable to take crude oil for refining into finished products.
Represented by the Executive Director, Pipelines and Products Marketing Company (PPMC), Mrs Aisha Katagwu at the ninth Oil Trading & Logistics (OTL) Expo in Lagos, Kachikwu said the Corporation is working hard to improve pipelines security, restructure its corporate centres, provide transparent and accountable operations, improve efficiency among its workforce. He added that the state-run oil firm was also taking other measures to stop leakages/wastages in the system.
He said the NNPC unbundled PPMC because it wanted to reduce crude oil exports and achieving other objectives that would aid the growth of the industry.
NNPC is also exploring how it could improve the growth of the Liquefied Petroleum Gas (LPG) market, in view of its importance to the economy, he added.
He said the four refineries are battling with obsolete equipment and are unable to take crude oil for refining into finished products.
Represented by the Executive Director, Pipelines and Products Marketing Company (PPMC), Mrs Aisha Katagwu at the ninth Oil Trading & Logistics (OTL) Expo in Lagos, Kachikwu said the Corporation is working hard to improve pipelines security, restructure its corporate centres, provide transparent and accountable operations, improve efficiency among its workforce. He added that the state-run oil firm was also taking other measures to stop leakages/wastages in the system.
He said the NNPC unbundled PPMC because it wanted to reduce crude oil exports and achieving other objectives that would aid the growth of the industry.
NNPC is also exploring how it could improve the growth of the Liquefied Petroleum Gas (LPG) market, in view of its importance to the economy, he added.
