South West region of the country, following the re-commissioning of the Ibadan Depot of the Nigerian National Petroleum Corporation (NNPC) yesterday.
Group Managing Director, Dr. Maikanti KacallaBaru, who flagged off the resumption of loading operations at the Depot, said the re-commissioning was in fulfillment of the Presidential mandate of revamping the nation’s critical oil and gas infrastructure for the benefit of the citizenry.
“It is one of the key mandates of the present administration to revamp these abandoned assets and put them back to work for the overall security and improvement of petroleum products supply and distribution for the benefit of all Nigerians,” Dr. Baru stated.
The GMD noted that Nigeria’s energy supply security is underpinned by a robust pipeline network of over 8000km used for the transportation of crude oil, petroleum products and natural gas, of which NNPC has the largest downstream footprint with over 5,120km of pipeline network and 21 depots spread around the country.
He, however, expressed dismay that over the years, these critical national assets had become subject of incessant vandalism, theft and sabotage which result in huge loss of revenue, lives and property as well as serious damage to the environment.
“It is rather unfortunate that any time oil pipelines and associated facilities are vandalized, our ability to supply petroleum products to the nation is hampered, and the livelihood of many law abiding people negatively impacted,” he said.
He informed that since coming on board, the NNPC has re-streamed a number of its pipelines, leading to massive resumption of loading operations in Depots within those areas.
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