NNPC wants NOG to focus more on downstream oil sector

…Says Kaduna refinery is fully producing

THE Nigerian National Petroleum Corporation (NNPC) has urged the organisers of the 2012 Nigerian Oil and Gas conference (NOG) to focus more on the downstream sector of the petroleum industry as limitless opportunities abound in the sub-sector. Group Managing Director of NNPC Mr. Austen Oniwon made the observation at the official opening ceremony of the Nigerian Oil and Gas 2012 Conference (NOG) in Abuja.

“Virtually everything we see here are all centered around the upstream sector as there are lots of opportunities in the downstream, and I believe that NOG should openly create a window to bring in investors to continue to appreciate the downstream better. “Also we need to work a bit harder on gas, the way we are looking at the future gas is going to be the future of the country,’’ he added.

Oniwon added that if the country did not lay more emphasis on the opportunities in the gas industry there is every possibility that the country might lose out. “Due to some of the things we are seeing in the world especially the restiveness in the Middle East, I think the Gulf of Guinea is going to attain a more prominent position and Nigeria have the hydrocarbon in good quantity to supply the free world. Oniwon in another development disclosed to the media that the Kaduna refinery is producing at full capacity.

The GMD said that last weekend petroleum products were actually sent from Kaduna refinery to Suleja farm tank, adding that once the tank is full the product will be channeled to Kano . “Kaduna refinery is back on stream we actually sent products form Kaduna refinery to Suleja tank farm last week.

“Subsequently as soon as the Suleja tank is full we are going to send petroleum products to Kano and Gusau,’’ Speaking on petroleum scarcity in Abuja, Oniwon assures residents of sufficient products before the week runs out, adding that the scarcity is mainly in the cities of Abuja.

“You will see that all other areas apart from Abuja has petroleum products. If you move along the airport road you we see that there is no queue. Oniwon however confirmed that NNPC has 32-days petroleum product sufficiency in the co8untry, adding that Nigerians should not involve in panic buying.

“We want to assure Nigerian s that as at today we have 32-days supply sufficient of petroleum products in the country. “There is sufficient petroleum products in the country especially the PMS.  Even If we don’t import, the products we have is enough and will last the country for another 32-days,’’ he added. The GMD said that the ongoing scarcity was caused due to the Tanker Driver’s strike, adding the NNPC management had waged in on the matter.

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