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NNPC Partners 2 Companies To Establish 50 Million Litre Petroleum Terminal In Bayelsa

The Nigerian National Petroleum Corporation (NNPC), in partnership with the Nigerian Content Development & Monitoring Board (NCDMB) and Zed Energy, had signed an agreement to establish a 50 million litre Petroleum Products Terminal in Brass, Bayelsa State.

A statement today, June 11, by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru said that the N10.5 billion Brass Petroleum Products Terminal project is expected to deliver an automated 50 million litre depot with two-way product jetty, automated loading bay, and 6 automated tanks for storage of 30 million litres of Premium Motor Spirit (PMS)and 20 million litres of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK).

Dr. Obateru quoted the minister of State for Petroleum Resources, Chief Timipre Sylva as commending President Muhammadu Buhari for his giant strides in the Niger Delta which is making a huge impact on the people of the area.

“I make bold to say today without any fear of contradiction that no President has impacted the people of the Niger Delta like President Muhammadu Buhari. “Aside from what we are witnessing today, remember there is also the Brass Fertilizer & Petrochemical Company, the Oloibiri Oil and Gas Museum and the Oil & Gas Park in Ogbia, all under Mr. President.”

Sylva added that the establishment of the Terminal further demonstrates Mr. President’s commitment to the enhancement of the livelihood of the Niger Delta people particularly, the riverine communities in Bayelsa State where people purchase products at exorbitant prices due to logistics challenges associated with transporting products to that area.

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Speaking shortly after signing the agreement, the Group Managing Director of the NNPC, Mallam Mele Kyari said the Corporation is proud to be part of the project which aside ensuring products availability in all nooks and crannies of the Niger Delta, will also guarantee the nation’s energy security and generate employment.

“This Terminal will create 1,000 direct jobs during the construction phase, and over 5,000 indirect jobs during its operation. Considering the potential for employment when completed, this will definitely reduce youth restiveness in the Niger Delta area and will also address the problem of illegal refining in the area.”

In his remarks, the Executive Secretary of NCDMB, Simbi Wabote said that  this milestone was as a result of strong interagency collaboration and public-private sector partnership.

“The NCDMB will continue to drive such partnerships across the industry to bring development in Nigeria.”

Earlier, the Coordinator of the Project and Group General Manager, National Petroleum Investment Management Services (NAPIMS), Bala Wunti said that the project would enhance the economics of marine petroleum products distribution.

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