Categories: BusinessNews

Over 20bn Litres of Petroleum Products Transported Through Pipelines in 2 Years – NPSC

From Edith Ike-Eboh, NAN/

Over 20 billion litres of petroleum products have been transported through the pipeline since 2016

Mr Luke Anele, the Managing Director of Nigerian Pipelines Storage Company (NPSC), has said.

Anele, who made the fact known in an interview with News Agency of Nigeria (NAN), in Abuja, on Wednesday, said the country had enough stockpile of products being distributed through the pipelines.

“By estimate, we have transported millions of products, in fact over  twenty billion litres of products have been moved through the pipelines since inception.

“Our major stockpile now is the Mosimi Depot and at any point in time, we have a little above 100 million litres.

“And we have the other depots — we have in Satellite, we have in Ibadan; if you add up Ibadan, add up Satellite, and our depot at Atlas Cove, add Aba depot, we will have about 200 million litres at this point, excluding  the ones at  our day tanks in Warri Refinery and Port Harcourt Refinery, ” he said.

Commenting on effect of vandalism to transportation of products, Anele said that bulk of the vandalised point was from Aba and Enugu.

He said that in the process of reactivating the pipelines some of them were ruptured and were difficult to weld.

“We will continue to prepare them anytime because we cannot afford to shut down for a very long time, so, we will continue to make repairs any time we find a window that is down,” he said.

He noted that the country lost reasonable volume of products resulting from vandalism and ageing of the lines.

Anele noted that in 2018, the company engaged National Engineering Technology Company (NETCO) to carry out a study and check the state of the facilities.

He said the step was for it to serve as an in-house estimate for proposals to get in third parties to put the pipelines under Public Private Partnership to change them.

According to him, most of the ruptured pipes are old and located in areas that are prone to attack.

” So what NETCO did was to develop an in-house estimate which will serve as our in-house estimate  to benchmark whatever a third party brings forth when we open up the issues of pipelines  and other critical infrastructure.

” They have finished the work and have given us preliminary report and then what we will take up from them is the final report, full and final presentation  for us to study,” he added

He said that with viable pipelines, the country would realise huge revenue through transportation of products.

“If we have new pipelines, well protected, we will have what is called open access, so many companies will like to move their products through our pipelines.

“And with our depots revamped, you might decide to have your product berth at Port Harcourt and we pump into the line to Makurdi or any place of destination and you pay us for the service.

“If you want your product in, Minna, Suleja etc, we can pump through Warri with those facilities, ” he said.

He noted that a major challenge was the issue of trust and reliability.

“By the time this is done, we have now regenerated confidence in investors and users, also, the issue of clustering around Lagos will reduce,” Anele said

He added that breaking even in pipeline operations involved having constant product movement, “not epileptic movement of running today and day after tomorrow you shut down because of stealing’’.

0
Dipo

Dipo Kehinde is an accomplished Nigerian journalist, artist, and designer with over 34 years experience. More info on: https://www.linkedin.com/in/dipo-kehinde-8aa98926

Recent Posts

Are The Grammys Relevant Outside the United States?

Building Credibility For nearly eight decades, the Grammy Awards have stood as the pinnacle of…

15 hours ago

Disputed 5.3bn Shares: Court Adjourns Barbican/FBN Holdings Suit as Ecobank’s Recusal Motion Remains Pending

Justice Ayokunle Faji has adjourned further proceedings in the suit filed by Barbican Capital Limited…

2 days ago

Los Angeles Protects Undocumented Immigrants from Trump’s Deportation Plans with Sanctuary Ordinance

Segun Atanda/ The Los Angeles City Council has approved a sweeping "sanctuary city" ordinance designed…

2 days ago

Trump Could Face Prison After Second Term, Prosecutors Say

Segun Atanda/ New York prosecutors have opposed dismissing President-elect Donald Trump’s conviction for falsifying business…

2 days ago

MC Oluomo Flouts Court Order, Assumes Office as NURTW President

Femi Ashekun/ In a bold and controversial move, Musiliu ‘MC Oluomo’ Akinsanya, has defied a…

2 days ago

Tinubu Sacks Nnamdi Azikiwe University VC, Registrar … Dissolves Council

Matilda Omonaiye/ President Bola Ahmed Tinubu has dissolved the Governing Council of Nnamdi Azikiwe University,…

2 days ago