Deregulation: NNPC to Support Deployment of CNG Facilities

September 16, 2020
48 Views

/* custom css */
.tdi_75_e3e.td-a-rec{ text-align: center; }.tdi_75_e3e .td-element-style{ z-index: -1; }.tdi_75_e3e.td-a-rec-img{ text-align: left; }.tdi_75_e3e.td-a-rec-img img{ margin: 0 auto 0 0; }@media (max-width: 767px) { .tdi_75_e3e.td-a-rec-img { text-align: center; } }
Advertisement  nnpc-may-2020

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.

/* custom css */
.tdi_74_655.td-a-rec{ text-align: center; }.tdi_74_655 .td-element-style{ z-index: -1; }.tdi_74_655.td-a-rec-img{ text-align: left; }.tdi_74_655.td-a-rec-img img{ margin: 0 auto 0 0; }@media (max-width: 767px) { .tdi_74_655.td-a-rec-img { text-align: center; } }

The NNPC GMD reiterated the commitment of the corporation towards openness and greater transparency in its operations, noting that in the months ahead NNPC would make public its 2019 Audited Financial Statements as a sequel to the 2018 AFS released in June.

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.

/* custom css */
.tdi_76_634.td-a-rec{ text-align: center; }.tdi_76_634 .td-element-style{ z-index: -1; }.tdi_76_634.td-a-rec-img{ text-align: left; }.tdi_76_634.td-a-rec-img img{ margin: 0 auto 0 0; }@media (max-width: 767px) { .tdi_76_634.td-a-rec-img { text-align: center; } }
banner-2-scaled

You may be interested

Queen’s Baton Relay Set To Visit Nigeria Ahead 2022 Commonwealth Games
Sports
1 views
Sports
1 views

Queen’s Baton Relay Set To Visit Nigeria Ahead 2022 Commonwealth Games

Webby - October 12, 2021

As member nations prepare for the Commonwealth Games, the Queen’s Baton Relay, an iconic event has started with a special…

Three Arrested While Trying to Sell 4-Year-Old Boy In Abia (Photo)
News
6 views
News
6 views

Three Arrested While Trying to Sell 4-Year-Old Boy In Abia (Photo)

Webby - October 12, 2021

The three suspects A child trafficking syndicate have been nabbed in Abia state while trying to sell a 4-year-old boy.…

”Some Days I Wake Up Feeling So Generous To Invite Different Women To My Place So I Can Give Them Orga*ms – Nigerian Singer, Temmie Ovwasa Writes
News
8 views
News
8 views

”Some Days I Wake Up Feeling So Generous To Invite Different Women To My Place So I Can Give Them Orga*ms – Nigerian Singer, Temmie Ovwasa Writes

Webby - October 12, 2021

Temmie Ovwasa Former YBNL artiste, Temmie Ovwasa, who never stops to let the world know about her sexuality as a…

Leave a Comment

Your email address will not be published.