• Friday, June 14, 2024
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NIPCO  strategic to Downstream operations  – NNPC 

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The Nigeria National Petroleum Corporation [NNPC] has explained   why  Nipco plc remains a strategic partner with the corporation in the downstream sector of the nation’s oil & gas industry   even as the company’s thru-put figures reached 1.8 billion litres of white products.
Henry ikem Obih, the Group Executive Director/COO [Downstream], Obih who was on a visit to the company’s premises  in Apapa said three main explanations on the key position of Nipco in the sector with the seamless operation of the company in the storage and distribution of petroleum products being topmost .
The GED said Nipco  can actually reach 2 billion litres distribution figure for the corporation very soon in view of its enhanced storage capacity and effective loading system among its peers stressing that ‘”with what I have seen your operations is excellent coupled with good housekeeping and  safety culture ‘’
 The NNPC  boss said the contributions of the company especially during the last fuel crisis was  splendid as she exhibited high sense of commitment to government desire to end the fuel queues  by being the first operator to bring in cargoes to augment NNPC stock .
According to him, Nipco was able to perform this feat even in the face of shortage of forex to import petroleum products adding that this singular act is well noted and will continue to attract commendations by the corporation.
‘’We appreciate your contributions at all times and to say that you are very key in our operations is stating the obvious just as we look forward to consolidating the relationship “, he noted.
The GED who commended the level of automation of the terminal said its impact is well noted n the smooth loading and receipt of petroleum products as highlighted in the organization master control room during the visit.
The Group General Manager [GGL] ,Marine ,NNPC ,Makama Dalhatu who was part of the entourage , said the aim of the parley was to express deep appreciation to Nipco and assert the corporation pleasure with her operations.
In commending the management and staff, he said ‘’ Nipco is an excellent example of how business should be run and very inspiring to be partnering with them in ensuring that the entire nation is wet at all times ‘’
Earlier in his remarks, Venkataraman Venkatapathy, Managing Director, Nipco plc said the company has a good working relationship with the corporation and that the esteemed visit of the GED and his entourage is an affirmation of the existing mutual relationship of the duo.
He commended the diligent leadership of the management team of the NNPC which has manifested in several facets of the nation’s oil and gas resources in recent times. Venkatapathy stated that under  thru-put arrangement with the NNPC in which Nipco stores and distributes white products to independent and major oil marketers who have  bulk purchase agreement with the Pipeline & Products Marketing Company ]PPMC] Ltd  , she has done 1.8billion litres  .
The thru-put arrangement came on board during General Obasanjo administration in 2007 as panacea to the persistent pipeline vandalism which made NNPC to appoint some private terminal operators to store products on their behalf and distributes such to marketers with PPMC loading tickets.
The Nipco  boss  pointed out that the company looks forward to the 2 billion litres target mark soonest as our own contribution to assisting government to store and distribute petroleum products across the nooks and crannies of the nation.
According to him, Nipco has the wherewithal to fuel the nation either on a thru-put basis with PPMC or directly to her esteemed customers under a 24 hours basis for six days in a week.
The GED and his entourage also inspected the three reception jetties as well as the PPMC LPG plant in Apapa as part of efforts to avail the team of their operations.
Olusola Bello