Thursday, 29 October 2015

NNPC BOSS PROMISES THAT REFINERIES WILL SOON WORK

Dr. Emmanuel Ibe Kachikwu, GMD, NNPC
Owing to the fact that he is not satisfied with status of Nigerian refineries, a minister designate and current Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu, has reviewed the business model of the facilities for better efficiency.

He assured Nigerians that to drive the new operations model would place the corporation on a performance platform that would guarantee commercial viability, adding that all the local refineries would start working by the end of the year to displace massive fuel imports, cut huge import bills, reduce pressure on the nation’s lean foreign exchange revenue and create multiplier effects in the domestic economy.

Dr. Kachikwu restated his confidence and trust in the technical workforce of the refinery, saying that over 80 percent of the nation’s technical skills pool for operations of the NNPC are competent and pointed at the achievements of the Port Harcourt Refining Company (PHRC) at rehabilitating its plants as part of the potentials available in the industry.

Giving detailed explanation of a reform package that would soon be activated to re-inject vibrancy in the entire petroleum industry, he pointed at plans to enhance efficiency and transparency in the sector, as well as restructure the national oil firm to be competitive across the full value chain of the industry.

The NNPC boss also promised to build local capacity across the entire business units of the corporation to enable it live up to the roles as domestic industry leader, government’s revenue earner, custodian of national petroleum assets and lead domestic fuel market supplier.

According to him, all the programme targets would only be a dream unless operations of all the business arms of the corporation are profitable.