Energy Gas Oil

NNPCL completes depot repairs

The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area.
The repairs were carried out through the NNPCL subsidiary, NNPCL Pipeline and Marketing.
Chairman, of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired and is currently being used to transport products to its members.
“Satellite depots started loading at about 12:30 pm on Tuesday after 15 months of inactivity.
“We now load through the pipeline because the integrity has been restored,” he noted, adding that loading products through the pipelines would not be a one-off arrangement.
Akinrinade confirmed that his members had started receiving products since last week Friday.
The depot had been moribund due to pipeline vandalism which made NNPCL halt supplies of products to the depot.
“Although they have instructed depots to sell at N172 per litre, we have not started selling to marketers. We have started receiving products since Friday. We received it on Saturday, and some will also come in today (Sunday).
“Since products are now being received, prices will now come down, and I can assure you that the remaining queue will disappear this week,” he assured.

Related posts

Fagbami says Big data remains key enabler of exploring business insights in petroleum sector

Editor

NNPC deepens efforts to address Africa’s energy poverty

Our Reporter

Seplat Energy appoints Chioma Y. Afe as Director, External Affairs and Sustainability

Editor

As fuel scarcity bites, air fares jump 97%, bus prices rise 45% in one year

Our Reporter

TotalEnergies, Shell set to post strong returns

Our Reporter

Troops destroy illegal oil refining sites in Rivers, Bayelsa

Editor