Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Wednesday in Abuja urged the new Board of the Nigerian Pipeline Storage Company (NPSC), to partner with the private sector to build more pipelines parallel to the corporation’s existing ones.
To enhance NPSC’s profitability, Dr Baru told the board to look at refurbishing the corporation’s pipelines and storage along a Public Private Partnership (PPP) arrangement.
The company is also tasked with doubling its pipeline network in the next 10 years, as Baru stated that part of the reform process embarked upon by the corporation under his watch was to birth an NPSC that has a clear focus in terms of seeing the business side of pipeline storage and distribution.
He charged them to also integrate, through their pipelines resources, the various butanisation depots which are used as reception points for Liquefied Petroleum Gas (LPG).
“We have a lot of LPG that is being exported. This could be utilized domestically in line with our vision of providing alternative energy sources for domestic and industrial use nationwide,” Baru stated.
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