Home BUSINESS OIL & GAS NNPC Partners To Provide Alternative To Energy, Fuel For Nigeria

NNPC Partners To Provide Alternative To Energy, Fuel For Nigeria

Mele Kyari

The Nigerian National Petroleum Corporation (NNPC) has pledged to partner with the Federal Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country.

Speaking on TVC Business Show, Business Nigeria Live, the Group Managing Director of the Corporation, Malam Mele Kyari, said that the National Oil Company has already keyed into the gas penetration agenda as championed by the Minister of Petroleum Resources, Chief Timipre Sylva.

He said that as an energy company with focus on cleaner and cheaper sources of fuel, the Corporation would continue to work with other stakeholders in the industry to provide viable alternatives to petrol which would ultimately lead to reduction in demand for the product and eventual reduction in price.

The NNPC Group MD reiterated the commitment of the corporation towards openness and greater transparency in its operations, adding that in the months ahead, NNPC would make public its 2019 Audited Financial Statements as a sequel to the 2018 AFS released in June.

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Kyari also shed light on the status of the nation’s refineries, saying that the plants were deliberately shut down to allow for a robust diagnosis of the issues which have overtime made it impossible for the facilities to operate up to their name plate capacity.

The Group MD said that the shutdown also became inevitable due to difficulties in feeding them with crude oil via the pipelines that have been completely compromised by vandals.

He said that the Corporation is moving rapidly to execute complete rehabilitation of the refineries under an exercise that would guarantee restoration of the facilities to at least 90 percent capacity utilization.

Editorial staff
Editorial Staff at Greenbarge Reporters is member of a team of journalists led by Editor-in-Chief, Yusuf Ozi Usman.

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