NNPC opts for private investment in gas pipelines

Maikanti-Baru-NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation (NNC), Dr. Maikanti Baru, on Wednesday urged the new Board of one of its downstream subsidiary companies, the Nigerian Pipeline Storage Company (NPSC), to partner with the private sector to build more pipelines parallel to the existing ones.

Baru, who gave this charge while inaugurating the new Board of the company at the NNPC Towers in Abuja, said such partnership would enhance NPSC’s profitability.

He said, “Your work also is to look at refurbishing these pipelines and storage along a Public -Private -Partnership (PPP) arrangement by getting willing private companies to invest in these pipelines. NNPC management is very much disposed to supporting your efforts in this regard.”

Baru urged the company to double its pipeline network in the next 10 years, adding that such a target was “absolutely necessary.”

He described pipelines as arteries of the nation’s oil and gas Industry, adding that part of the reform process embarked upon by the Corporation under his watch was to give birth to an NPSC that has a clear focus and sees pipeline storage and distribution as real business.



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