GTB 737 banner Yudala banner

NNPC strategises on rehabilitation of refineries

By Edith Ike-Eboh on 13/09/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 277

•NNPC Headquarters, Abuja
•NNPC Headquarters, Abuja

The Nigeria National Petroleum Corporation (NNPC) said it has inaugurated eight committees for the rehabilitation of three refineries in the country for optimum operation by 2019.

They are the Warri, Port Harcourt and Kaduna refineries.

In a statement signed by Mr Ndu Ughamadu, Group Managing Director, Group Public Affairs division, on Wednesday in Abuja, it said that the idea was to ensure it met the presidential mandate.

“In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation has inaugurated eight committees charged with returning the refineries to their nameplate capacities by the year 2019,” it said.

It quoted the group Managing Director, Dr Maikanti Baru at the inauguration charging the committee members to deploy “out of the box solutions” to ensure that the refineries return to their good old days of top class performance.

“I am convinced that the teams we have selected here today will give the necessary direction towards returning the refineries back to their optimal levels of performance,” he said

The GMD explained that in executing the assignment, the Committees were expected to deliver well and within schedule as according to him, time was of the essence.

He added that the target for the refineries rehab was to return them to 90 per cent capacity utilisation before the end of 2019.

He said that with more commitment from the committees, 100 per cent capacity utilisation was achievable.

“We want to show everyone that we can fully run the refineries. You must all work together to operate them at 100 per cent capacity as this was the only way to ensure profitability,” Baru said.

He also emphasised the importance of the workforce in fixing the refineries.

“We can fix the refineries but without the right people to operate them, they will go back to where they were or even worse,” he said.

Earlier, the Chief Operating Officer, Refineries and Petrochemicals, Engr. Anibor Kragha, informed that the 2019 target was laudable as it was the first attempt in 20 years supported with political will to rehabilitate the refineries.

He further said that over 28 Expressions of Interest had been received so far for the financing of the rehabilitation project and that the goal was to get more by the end of the year.

Assuring everyone that the nation would not suffer financially from the project, the COO explained that the approved financial model would guarantee payment to partners only from incremental profits.

“Payment is therefore hinged on performance, ensuring a win-win situation for Nigeria,” Kragha said.

Also, the Chief Financial Officer of the Corporation, Mr. Isiaka Abdulrazaq, reminded members of the newly inaugurated Committees that the rehabilitation of the refineries was one of the targets of the President Buhari’s administration.

Abdulrazaq expressed confidence in the members of the committees to deliver on their various tasks.

The Committees inaugurated for the rehabilitation of the refineries would be headed by a Steering Committee, chaired by the GMD.

Other Committees are: Rehabilitation; Stakeholder Management; Financing; Legal; Procurement; Pipeline and Crude Oil Supply and Security as well as Staffing and Succession Planning. (NAN)

Source News Express

Posted 13/09/2017 7:14:18 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
3 suicide bombers meet waterloo in Adamawa

Sen. Sani, Wole Olanipekun for Rave FM second...

Kaduna LG chair docked for certificate forgery

BJ zoom into Edo FA Cup final (BJ...

U.S. pledges support for Nigeria’s oil and gas...

Bomb scare in Agege but Lagos Govt. says...

FG denies owing soldiers fighting Boko Haram in...

Ogun: Separating politics from unionism, By Adejuwon Soyinka...

BMW set to begin mass production of electric...

ICPC unveils new vista on war against corruption...

Why I won’t challenge my impeachment as Abia...

Wanted: A Heroes’ Day!

 

Latest News Buhari withholds assent to 2 bills, presents 3 others to Senate Nigeria, USA sign Commercial Investment Dialogue Nigerian Navy promotes 78 Senior Officers Senate postpones debate on 2018 Budget till next week MOSOP clears the air on meeting with oil operator Passengers stranded as union grounds Dana Air for 10 hours Ekwueme’s death a big loss to Igbo nation — Arthur Nzeribe Daniel, Man of Courage, Resilience, says Mimiko Ekwueme was a true statesman — Biafra Youth League Bloodbath as teenage bomber kills over 50 in Adamawa mosque BREAKING: Mugabe throws in the towel N1.5B used to buy votes during 2017 Anambra governorship election: Intersociety

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (295,044 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (278,785 views) Shameless Genevieve Nnaji exposes breasts in public (225,430 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (189,669 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (181,452 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (166,375 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (144,225 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (130,673 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (127,354 views) Lagos plane crash: Journalist releases victims’ names (116,585 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (113,873 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (108,057 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,776) Business Verdict (26) Columnists (769) Complaints & Requests (93) Enterprise & Opportunities (187) Entertainment (405) Features (510) Global Business Monitor (190) International (1,650) Interviews (138) Live Commentary (28) Love Matters (83) News (30,414) Opinion (838) Pidgin (9) Politics (4,118) Religion (648) Sports (1,357) Stock Watch (24) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

Argentina vs Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!