Nigerian National Petroleum Corporation’s (NNPC) Public Affairs Group General Manager, Ndu Ughamadu has announced that the oil corporation is planning to start a new subsidiary.
Ughamadu said the new subsidiary company will ensure the provision of refueling services to ships and other ocean-going vessels in the country. The new company is expected to undertake the business of commercial petroleum products bunkering in the waters of Nigeria.
The corporation’s shipping Group General Manager, Aisha Katagum had in an interview said the business models to be adopted for this would be developed by the corporate planning department of the corporation.
“Actually, the NNPC Group Managing Director is also very keen on that. He has directed the Corporate Planning and Strategy (CPS) Division to come up with a business model for us to see how it could operate”.
Recall that the GMD of the corporation, Dr. Maikanti Baru, had recently announced that about 35 expressions of interest for the establishment of modular refineries had been declared and that the Department of Petroleum Resources (DPR) had issued licenses to 13 of them.
The modular refineries, according to Baru, will stop the illegal refining of crude and also create employment and wealth among residents of the Niger Delta.
Also, the Minister of State for Petroleum, Dr. Ibe Kachikwu had recently at the commissioning of Petrolex’s mega oil city in Ibefun Ogun State, assured Nigerians of the Government determination to end the importation of refined oil into the country by 2019.
Nigerian National Petroleum Corporation (NNPC) was established on April 1, 1977. In addition to its exploration activities, the corporation has powers and operational interests in refining, petrochemicals and products transportation as well as marketing.