Petroleum Africa
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Monday, February 5, 2018
MaikantiBaru, head of Nigeria’s state-run oil and gas firm NNPC, is calling on private investors to help repair and build up the country’s pipeline infrastructure. According to Baru, more pipelines would enable Nigeria to export more oil.
Speaking to the new board of NNPC’s downstream unit, Nigerian Pipeline Storage Company (NPSC), Baru said the company should form partnerships with the private sector and double the number of its pipelines over the next 10 years.
“Your work also is to look at refurbishing these pipelines and storage along a Public Private Partnership (PPP) arrangement by getting willing private companies to invest in these pipelines,” Baru said at the NPSC board inauguration.
NNPC owns and operates gas pipelines which feed power plants in the country.
Baru also said the state oil company was ready to engage security agencies to protect pipelines against any act of economic sabotage.
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