NNPC SAYS REFINERIES WILL FLOURISH SOON

Admin l Sunday, March 18, 2018

LAGOS, Nigeria – The Nigerian National Petroleum Corporation (NNPC) would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Group Managing Director of the corporation, Dr. Maikanti Baru disclosed this shortly after receiving this year’s Man of the Year Award fromNigerian NewsDirect, a Lagos-based daily publication, in Lagos, at the weekend.

Dr. Baru said as part of the ongoing reforms in the NNPC, the corporation had been holding far-reaching discussions with some consortia to get the best funding options towards the refineries’ overhaul.He added that the corporation, under his watch, had recorded remarkable progress in resuscitating some of the nation’s critical downstream infrastructure, a development which had ensured seamless supply of products Nationwide, until the recent past hiccups which is now under control.

“Since coming on board, we have made the revamp of our abandoned assets and critical downstream infrastructure a key component of our corporate vision of 12 Business Focus Areas (BUFA),” he stated.

Dr. Baru said over the last few months, several crude oil, petroleum products and natural gas pipelines were resuscitated while more than half of the nation’s 21 strategic depots were also upgraded. He decried acts of pipeline vandalism, crude oil theft and sabotage which he noted had resulted in huge loss of revenue, lives and property as well as damage to the environment.

The GMD called on the security agencies and other stakeholders nationwide to collaborate with the corporation in its on-going campaign against act of sabotage on the nation’s oil and gas facilities. While attributing the recent fuel challenges faced in parts of the country to the nefarious acts of hoarders, diverters, profiteers and smugglers, Dr. Baru stressed that the corporation was working with relevant stakeholders to ensure the sufficiency currently witnessed nationwide is sustained.

Dr. Baru thanked the Editorial Board of Nigerian NewsDirect for conferring on him their Man of the Year Award, saying that the recognition would spur him to rededicate himself to continue to give his best to the Oil and Gas Industry and by extension the country. He commended the interest shown by the Nigerian media towards the critical sectors of the national economy, a development which he said, had portrayed Fourth Estate of the Realm as partners in progress in the Nigerian project.

Earlier in his address, Chairman of Editorial Board of Nigerian NewsDirect, Prince Aderemi Adekile described Dr. Baru as a patriotic Nigerian with indelible imprints as a frontline engineer, a worthy patriot and one of the best administrators the oil and gas sector has ever produced.

“Today, we are recognizing him for his transparency, unrelenting effort at ensuring stability of products supply, revamping downstream infrastructure, opening up of inland basins, growing crude oil reserves, increasing oil production as well as maintaining strategic communications amongst stakeholders in the Nigerian Oil and Gas Industry,” Adekile added.

Nigerian NewsDirect Publisher, Prince (Dr.) Samuel Ibiyemi said the publication decided to celebrate Dr. Baru as one of Nigeria’s best given the lasting impressions he is making on the nation’s Oil and Gas Industry. Established in 2010, the Nigerian NewsDirect started as a weekly tabloid before going daily last year.

Over the years, the publication has honoured distinguished Nigerians who have excelled in their respective endeavours, prominent among whom were Aliko Dangote, Africa’s richest man, who won the publication’s Man of the Year last year.