Operators Want FG to Subject Oil and Gas Dividends to Withholding Tax
August 1, 2017

NNPC Reclaims Crude Oil Pipelines to Improve Refineries’ Operations

The Nigerian National Petroleum Corporation (NNPC) said it has regained full access to the pipelines that supply crude oil to its three refineries in Kaduna, Warri, and Port Harcourt, thus making it possible for the refineries to produce up to six million litres of petrol and diesel, respectively. The corporation also plans to adopt a new model for commercialising Nigeria’s gas resources, in which exploration and production (E&P) companies could be allowed to only produce gas but not process it. Speaking at the recent Sustainability in the Extractive Industry (SITEI) conference in Abuja, the Group Managing Director of NNPC, Dr. Maikanti Baru, who was represented by NNPC’s Chief Operating Officer, Gas and Power, Mr. Seidu Muhammad, said the three crude oil supply lines have been recovered after years of inactivity owing to vandalism. The lines the NNPC said it reclaimed include the Escravos-Warri crude pipeline and the Bonny-Port Harcourt refinery crude pipelines.” Slowly we are reclaiming products pipelines, we have reclaimed all the three main lines that supply crude oil to the refineries, we have reclaimed some of the products lines – Port Harcourt to Aba is an example, as well as the Atlas to Mosimi line, and for the first time in five years we have been able to move products from Kaduna to Kano,” Baru said at the conference.

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