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The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has said there is no sabotage of local refineries by the company.
Mele Kyari said NNPCL is committed to resolving Nigeria’s energy dilemma by ensuring energy security, sustainable growth and energy affordability.
According to NNPC’s spokesman, Olufemi Soneye, Kyari stated this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos, on Monday.
The GCEO, who was the Special Guest of Honour at the occasion, also said the company has perfected plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants soon, as part of efforts to boost the existing 1.6 billion standard cubic feet (bscf) of gas supply for domestic market.
“The energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future. NNPC Ltd. is working tirelessly to improve our supply chain, develop new refining capacities and expand our retail network,” Kyari said.
According to him, NNPC is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply; Naira-for-crude transactions in order to stabilize the local currency and regulate forex markets.
This, he added, will bring about expansion of gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) Gas Pipelines projects and the development of cleaner energy options, such as Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG).
“Currently, NNPC Ltd. supplies over 1.6 bscf of gas per day to the domestic market through infrastructure we either own outrightly or operate with partners. This distribution network is entirely managed on NNPC Ltd.’s balance sheet,” Kyari stated.
Explaining that the Company is expanding its efforts to enhance domestic energy access, the NNPC helmsman said the next 3-6 months will see significant project launches, including CNG mother stations, mini-LNG plants, and additional CNG daughter stations.
Kyari, who commended President Bola Tinubu’s efforts to relieve forex pressures by reducing fuel imports and strengthening Nigeria’s local refining capacity, emphasized the need for collaboration, innovation, and technology in achieving Nigeria’s energy goals.
“Resolving the energy trilemma requires bold ideas, shared knowledge, and collective determination. Together, let us build a Nigeria where energy is secure, sustainable, and affordable for all,” he explained.
On NNPC’s mandate to guarantee energy security as stipulated by the Petroleum Industry Act, 2021, Kyari explained that the Company has fostered partnerships and investments aimed at enhancing local production and generating revenue for economic diversification.
Reacting to claims that NNPC is sabotaging the efforts of domestic refineries, Kyari said the “NNPC Ltd. is part-owners of the Dangote Refinery, stressed further that “such an investment is a strategic move aimed at strengthening domestic fuel supply”.
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