1 month ago
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The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has revealed that the caller concern enactment by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) led to a accumulation nonaccomplishment of implicit 200,000 barrels of crude lipid per day, successful summation to disruptions successful state proviso and powerfulness procreation crossed the country.
Ojulari made the disclosure connected Sunday nighttime aft a gathering with President Bola Tinubu astatine his Lagos residence, wherever helium briefed the President connected developments successful the lipid and state assemblage and the advancement of the company’s ongoing reforms.
According to Ojulari, the strike, which affected captious operations successful cardinal lipid and state facilities, besides led to a impermanent shutdown of powerfulness generation, amounting to astir 1,200 megawatts.
“It was unfortunate that the Dangote and PENGASSAN contented led to a strike. Whenever captious unit manning captious facilities are not available, it becomes astir intolerable to support operations,” Ojulari said.
“In this peculiar case, we mislaid important accumulation — implicit 200,000 barrels per time — that was deferred. Gas accumulation was besides affected, and powerfulness procreation was impacted to the tune of astir 1.2 megawatts.”
He commended the swift involution of the national authorities successful resolving the crisis, noting that the Ministry of Labour and the Office of the National Security Adviser (NSA) played a cardinal relation successful restoring normalcy.
“I’m precise pleased that done the enactment of the Minister of Labour and with the afloat enactment of the NSA, everyone was brought to the table. A communiqué has been agreed connected the mode forward, and we are hopeful that each parties volition abide by it,” helium said.
Ojulari added that accumulation levels person since stabilised, with astir facilities returning to afloat operations, portion efforts proceed to retrieve deferred output.
“Since then, we person been capable to instrumentality accumulation backmost to presumption quo. There are inactive 1 oregon 2 areas we’re trying to drawback up on, but overall, we’ve gradually restored mislaid production,” helium stated.
Turning to the caller emergence successful the terms of Liquefied Petroleum Gas (LPG), popularly known arsenic cooking gas, Ojulari described the summation arsenic impermanent and artificial, attributing it to logistics disruptions during the onslaught period.
“The summation you saw was comparatively artificial. For the play of the strike, movements and loadings were delayed for astir 2 to 3 days. Because of that, proviso was constrained, and those who had reserves took vantage of the gap,” helium explained.
“Now that things are backmost to normal, prices should instrumentality to what they were earlier the strike.”
The NNPCL brag expressed optimism astir the country’s wide accumulation outlook, noting that Nigeria recorded its highest lipid output successful 5 years — 1.68 cardinal barrels per time — successful September, alongside an all-time precocious state accumulation level of implicit 7 cardinal modular cubic feet per day.
He reaffirmed the company’s committedness to President Tinubu’s directive to rise nationalist lipid accumulation to 2 cardinal barrels per time by 2027 and 3 cardinal barrels per time by 2030, portion besides expanding state output and concern inflows.
“Our mandate is wide — turn accumulation and state capacity, pull investments, and guarantee vigor security. With the turnaround attraction and betterment efforts we’ve implemented, we expect to scope astir 1.8 cardinal barrels per time by the extremity of the year,” Ojulari said.
He assured that NNPCL remains focused connected consolidating the advancement achieved truthful far, improving operational efficiency, and sustaining dialog with cardinal stakeholders to forestall aboriginal disruptions successful the nation’s vigor proviso chain.
English (US) ·