The Nigerian National Petroleum Corporation (NNPC) Group Manager Maikanti Baru, has declared that the company will leverage on public private partnership to address the gap in pipeline infrastructure in the country.
Baru made this declaration while inaugurating a new board for one of the company downstream subsidiaries, the Nigerian Pipeline Storage Company (NPSC), in Abuja stating that the private sector could help the industry build more pipelines parallel to the existing ones.
Baru noted that pipelines are the arteries of the nation’s oil and gas Industry he added that part of the reform process embarked upon by the corporation was to establish an NPSC with a clear focus that regards pipeline storage and distribution as a real business.
Baru also tasked the NPSC management to engage the various host state governments to ensure restoration of the Products Right of Way (PRoW) to secure safety condition of citizens and products.
Meanwhile, the Chairman of the NPSC Board and Chief Operating Officer, Corporate Services, NNPC, Isa Inuwa, has pledged the readiness of the Board to support the NPSC Management towards achieving its set targets.
According to him ‘’It is our vision to transit NPSC to a market-phasing, competitive and profit-making organisation, we are committed as a board to deliver on this mandate”.
He also reiterates NNPC Management’s readiness to engage security agencies against any act of economic sabotage towards the pipelines.
