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Wednesday, March 21, 2018
Nigeria’s state-run oil and gas firm, NNPC, is committed to get the country’s four refineries back to their nameplate capacities. NNPC’s commitment was relayed by the company’s managing director Maikanti Baru shortly after receiving this year’s Man of the Year Award from Nigerian NewsDirect, a Lagos-based daily publication.
Baru said as part of the ongoing reforms in the NNPC, the corporation had been holding far-reaching discussions with some consortia to get the best funding options towards the refineries’ overhaul. He added the state-run firm, under his watch, had recorded remarkable progress in reviving some of the nation’s critical downstream infrastructure.
“Since coming on board, we have made the revamp of our abandoned assets and critical downstream infrastructure a key component of our corporate vision of 12 Business Focus Areas (BUFA),” he stated. Baru said over the last few months, several crude oil, petroleum products and natural gas pipelines were resuscitated while more than half of the nation’s 21 strategic depots were also upgraded.
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