NNPC raises petrol storage capacity by 87.7m litres

Follow 9News Nigeria On Social Media

Social sharing

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.

READ ALSO  BREAKING!!! Detained Binance Executive Escapes From Custody, Flee Nigeria(Photo)

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 

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.

READ ALSO  Zack Orji Is Alive, Ignore Mischief Makers – AGN President, Emeka Rollas

#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About Timothy Stephen 1104 Articles
9News Nigeria Global Breaking News Platform News from Nigeria News from Africa Nigerian News African News

Be the first to comment

Leave your comment