The Nigerian National Petroleum Corporation (NNPC) has concluded moves to select firms to provide security services for its downstream assets. This was disclosed by a representative of the Nigerian Pipeline Security Company (NPSC) during the opening of bids by 32 firms short listed. The NPSC is a subsidiary of the NNPC in charge of the corporation’s depots and pipelines.
Why this is key
Oil and gas facilities tend to be vandalized by criminal elements, often domiciled within the areas these facilities are located. Adequate security, reduces the likelihood of such attacks and in the long run saves the NPSL the expense of constantly repairing damaged facilities. Fuel supply across the country will also be stable, as the NNPC is currently the largest importer of petroleum products into the country.
The NNPC is the Federal Government owned corporation which was established on April 1, 1977. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barrel Shell Refinery established in Port Harcourt in 1965.
