By Nairaland Forum By Levinus Nwabughiogu-Abuja
Chief Executive Officer of Nigerian National Petroleum Corporation, NNPC Limited, Mr. Mele Kyari said that the lingering fuel crisis and its attendant queues at the filling stations will ultimately disappear next week.
Kyari said that there was already a receipt of 2.1 billion liters which would be distributed to normalize the situation.
Kyari offered the hope at a meeting with the House of Representatives Committee on Petroleum investigating the circumstances surrounding the importation of adulterated fuel into the country.
He said: “This National Assembly created the NNPC limited. By God’s grace, I am the CEO of that company. This company will serve the Nigerian people.
“By law, it is required to ensure energy security. Therefore, it is our responsibility to ensure that we provide energy security for this country. This company must operate within the laws of this country and this is what we have always done, and this is what we will continue to do.
“For this current situation, I assure you that we have taken every necessary step to restore supply into this country. We have placed orders significant enough for us to cross into March, with at least 2.1 billion liters of PMS in our custody.
“The situation you’re seeing today, I can assure you that by next week, it will vanish. All things being equal because of distribution issues that we may not have control over including the movement of trucks, otherwise we have robust supply arrangement to make sure that we exit this issue.”
No single liter of PMS is processed locally
Giving a background process of fuel importation in the country, Kyari regretted that all the fuel consumed in Nigeria was imported.
He explained that the situation will persist for a long time to time unless the refineries were upgraded.
“Why do we have this challenge? First of all, we import all the gasoline we use in this country. Every petroleum product we use in this country is not locally processed except a few quantities. Some of them, I can also share with you are coming from sources that may not be illegitimate. Not a single liter of PMS is generated in the country. That means 100 percent of PMS you see in this country is imported. Those imports are done on the basis of existing contractual arrangements that we have. It’s called the direct sale direct purchase process, which is simply with the best of practice to enable our Read More
Source:: Nigerian Chatter(Visited 1 times, 1 visits today)