The Nigerian National Petroleum Corporation (NNPC), said it was responsible for 75 per cent of Gas Supply to power in the country to the tune of over 300 million standard cubic feet (Scf) of gas per day.
The corporation also currently has 1.7 billion litres of petrol in stock, equivalent to 35 days sufficiency without adding a drop, saying plans were afoot to increase it to 2.4 billion litres by the end of the month.
Dr. Maikanti Baru, its Group Managing Director, who disclosed this during the conferment on him of the “Distinguished Merit Award’’ by the Association of Business Managers and Administrators of Nigeria in Abuja, said he dedicated the award to President Muhammadu Buhari for his support for the oil and gas industry.
In his remarks, registrar of the Association of Business Managers and Administrators of Nigeria, Dr. Ike Christopher, said Dr. Baru was selected for the merit award because of his role in the disappearance of fuel queues from fuel stations, especially during the last Christmas and New Year festivities.
He noted that the seamless Supply of petroleum products had brought about stability in prices of goods and services across the country.
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