By Benjamin Umuteme
Abuja
The Nigerian National Petroleum Corporation (NNPC) would continue to offer unflinching support to indigenous private investors in the oil & gas industry.
Group Managing Director of the Corporation, Dr. Maikanti Baru, gave this assurance while speaking at the official commissioning of an ultra-modern 300 million-litre capacity tank farm built by a local private investor, Petrolex, at Ibefun, Ogun State.
According to a statement by Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, the Baru was quoted to have said that “NNPC has taken the lead in supporting local players in both the upstream and downstream sub-sector of the Petroleum Industry. We are therefore willing to support Petrolex in whatever way we can,” Baru stated.
According to the GMD, such support from NNPC signified the basis for achieving Government’s desire in maintaining a national strategic reserve to guarantee products availability across the country at all times.
He observed that in the wake of Nigeria’s growing population over the years, there arose the need for a more sophisticated supply chain infrastructure capable of delivering energy products more effectively and efficiently, a goal fervently pursued by the Corporation.
