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NNPC CEO Announces Replacement of Petroleum Products Pipeline Network

Petroleum Products Pipeline Network FBI Sues top NNPC official for taking $2.1 million bribes to Assist Addax Petroleum escape $2.4 billion liability to Nigeria

During the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum in Abuja, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) revealed plans to replace the company’s over 5,000km petroleum products pipeline network within three years.

Speaking on the theme “Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security,” Kyari emphasized the importance of pipelines as the most cost-effective means of transporting petroleum products.

Kyari outlined the commencement of a Build, Operate, and Transfer (BOT) process aimed at replacing nearly all pipelines over the specified timeframe, reinforcing the network’s capacity to deliver products across the country. He assured participants that the replacement was critical and would be delivered within the set timeline.

Highlighting the recent improvement in oil asset security, Kyari expressed confidence in Nigeria’s ability to meet its crude oil production target of 1.6 million barrels per day.

He underscored NNPC’s commitment to enhancing domestic gas supply through various infrastructural projects, including the Obiafu/Obrikom/Oben (OB3) and Ajaokuta-Kaduna-Kano pipelines.

Kyari also addressed NNPC’s role in ensuring energy security beyond fuel availability, emphasizing the importance of leveraging resources for national prosperity.

He provided updates on ongoing gas projects, including the OB3 gas project set to release over two million standard cubic feet of gas into the network.

Additionally, Kyari announced progress on the AKK gas pipeline project and plans for four floating Liquefied Natural Gas projects, with Final Investment Decisions expected on two projects in 2024. He acknowledged the critical role of Society of Petroleum Engineers (SPE) members in NNPC’s core business activities.

In a related development, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, was honored as the 2024 Distinguished Spokesperson in Oil and Gas by the Nigerian Institute of Public Relations.

The award recognized Soneye’s exemplary work in managing the image of Africa’s largest oil and gas company. Soneye dedicated the award to Mele Kyari and the NNPC corporate communications team, expressing gratitude for their support and dedication to excellence.

This Article is Fact-Checked. See Policy.
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