The Nigerian National Petroleum Corporation, NNPC, yesterday, increased Nigeria’s petroleum products storage capacity by 87.70 million litres, with the re-commissioning of four products tanks at the Mosimi depot in Ogun State.

The NNPC, in a statement in Abuja, said the re-commissioning of the storage tanks was part of efforts aimed at maintaining seamless supply and distribution of petroleum products across the country.

Speaking during the re-commissioning of the facilities, Group Managing Director of the NNPC, Mr. Maikanti Baru, explained that the rehabilitated tanks’ combined capacity represents 54 per cent of the total storage capacity for Premium Motor Spirit, PMS, otherwise known as petrol at Mosimi depot.

He said: “The new gauging and metering technology adopted at the facility would help reduce waste and stop leakages in the operations of the depot.

“The coming on stream of the four tanks fits into one of NNPC’s 12 key business focus areas of his management team, which is the restoration of NNPC’s oil and gas infrastructure. The tanks had significantly enhanced the strategic storage capacity of PMS in parts of the country being served by the depot.”

He further disclosed that as part of its corporate social responsibility, the NNPC would rehabilitate the access road to Mosimi depot to enable seamless evacuation of petroleum products from the depot.

Speaking in the same vein, Chief Operating Officer Downstream of the NNPC, Mr. Henry Ikem-Obih said the re-commissioning of the four tanks would further help the NNPC to attract more local and international investors into the downstream sector of the Nigerian oil and gas industry.

On his part, the contractor that executed the project, Mr. Benson Adano, thanked the NNPC for promoting the local content policy and assured that the project was executed in line with best global practices.

The NNPC said the Mosimi depot was constructed in 1978 for the storage and distribution of petroleum products to the western part of the country.

Source: Today.ng