NNPCL completes depot repairs

NNPCL completes depot repairs

The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area, media has learnt.

The repairs were carried out through the NNPCL subsidiary, NNPCL Pipeline and Marketing.

Chairman, of Satellite Depots, Akin Akinrinade, told media source that the pipeline had been repaired and is currently being used to transport products to its members.

“We now load through the pipeline because the integrity has been restored,” he noted, adding that loading products through the pipelines would not be a one-off arrangement.

Akinrinade confirmed to Sunday PUNCH that his members had started receiving products since last week Friday.

The depot had been moribund due to pipeline vandalism which made NNPCL halt supplies of products to the depot.

“Satellite depots started loading at about 12:30 pm on Tuesday after 15 months of inactivity.

“Although they have instructed depots to sell at N172 per litre, we have not started selling to marketers. We have started receiving products since Friday. We received it on Saturday, and some will also come in today (Sunday).

“Since products are now being received, prices will now come down, and I can assure you that the remaining queue will disappear this week,” he assured.

Check Also

Fuel Crisis Lingers As NNPC Seeks Fresh $2bn Crude-Backed Loan

The Nigerian National Petroleum Company Limited is in talks for another oil-backed loan to boost …

Leave a Reply

Your email address will not be published. Required fields are marked *

× Get News Alert