NNPC Builds Facility for P'Harcourt Refinery, to Start Aviation Fuel Delivery to 3 Foreign Airlines
- The NNPCL has stated that a 150 million litres storage facility has been created for storing Port Harcourt Refinery products
- It stated that in 2023, about 14 billion litres of white products, comprising kerosene, PMS and diesel, were distributed
- The company also said that it will begin supplying aviation fuel to British Airways, Qatar and Air Morocco
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Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.
The Nigerian National Petroleum Company Limited (NNPCL) said it has constructed a 150 million litre storage facility for the Port Harcourt Refining Company.
Source: Getty Images
According to the state oil company, the Atlas Cove Jetty, located within the precincts of Tarkwa Bay in Lagos state, is a major installation of NNPCL for receipt and distribution of petroleum products to the western part of Nigeria.
Disclosing this in a documentary, it said its retail arm distributed about 14 billion litres of white products in 2023.
White products include Premium Motor Spirit, popularly called petrol; Automotive Gas Oil or diesel; and Dual Purpose Kerosene, otherwise referred to as kerosene.
The oil company stated:
“Powering its way through, NNPC Ltd’s Retail arm, with the largest network in Nigeria, distributed over 14 billion litres of white products in 2023. Its 900 retail outlets played a pivotal role in achieving this feat.”
More to read about NNPC:
- NNPC makes senior management team changes, announces three new appointments
- NNPC sends good news message to Nigerians on petrol supply
- NNPC uncovers 83 illegal refineries as Abia announces date to launch new one
Aviation arm created
The NNPC also said it was making inroads into the aviation fuel supply. According to the company, an aviation arm that would supply fuel to three international carriers has been created.
It added that more airlines will be added to the list as it progresses.
“To expand its operations, NNPC Retail has rebranded its aviation services. With the birth of NNPC Aviation, the company will be supplying fuel to various airlines, including British Airways, Qatar and Air Morocco, with more partnerships in the horrison.”
Why NNPC borrowed N3.3bn
Legit.ng earlier reported that the NNPCL explained the controversial $3.3 billion crude oil pre-payment loan it signed with the African Export-Import Bank (Afreximbank) in 2023.
Femi Soneye, the chief corporate communications officer of NNPCL, disclosed this in an interview with journalists.
He said the 'Project Gazelle' deal was ultimately geared to provide dollar financing to the federal government.
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Source: Legit.ng
