THE Group Chief Executive Officer, CEO, of the Nigerian National Petroleum Company, NNPC, Limited, Melee Kyari, on Tuesday, said some illegal petroleum products piplelines were connected to Churches and Mosques. He also said that the shutting down of pipelines in the country was deliberate.
The CEO also said that the reason for shutting down the refineries include the challenge of not operating as a business, thereby making them to incur loses.
Speaking when he featured at the ministerial briefing organised by the Presidential Communications Team at the State House, Kyari said that
the authorities of the NNPC borrowed one billion US dollars from the AFREXIM Bank to put in place the refineries.
He added that the management of the company was confident that it was restoring the company for about 90 percent efficiency.
He further noted that the repayment of the borrowed money was tied to the productivity of the refineries, boasting that NNPC would deliver on the rehabilitation exercise.
He also assured that there would not be any importation of petroleum products by the middle of next year.
While lamenting on the level of loses on the nation’s pipelines, he said that the nefarious business of pipeline vandals cuts across different regions and religious organisations where the pipelines pass through.
According to Kyari, some of the pipelines are illegally connected around Churches and Mosques.
The CEO said that the NNPC management is building National Reserve Company.
Maintaining that the issue of crude oil theft is real and happening, he said the company was not helpless as its efforts were paying off.
Credit: vanguardngr.com
