In Nigeria, NNPC refutes product importation stoppage

In Nigeria, NNPC refutes product importation stoppage

The management of the Nigerian National Petroleum Corporation, NNPC, has refuted allegations that it has stopped the importation of petroleum products as is being reported in some national and international media.
The Acting Group General Manager, Group Public Affairs Division of NNPC, Tumini E. Green made this known in a press statement.
She stated that NNPC Premium Motor Spirit (petrol) supply in the system is in line with its approved quota for the national demand with a view to ensuring seamless supply as we approach the peak period in the last quarter of the year. The NNPC as supplier of last resort has responsibility for maintaining a robust strategic reserve with additional reasonable buffer in line with the nation’s energy supply policy.
Green maintained that the corporation’s PMS stock holding is in tandem with the approved PPPRA allocation to NNPC, while emphasizing that the stock level covers marine, inland and strategic stock.
The NNPC Spokesperson Specifically stated that as at 17th October 2013, the marine stock offshore stands at 19 cargoes translating to 25.6 days’ sufficiency, which is part of the National strategic reserve. Incidentally, the aggregate strategic reserve and buffer has been misrepresented in some media as marine stock lying offshore.
Meanwhile, with a view to ensuring stable PMS supply during the end of the year festive period, she said NNPC has taken proactive measures to schedule its delivery laycans in order to guarantee steady fuel supply to the nation.
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