The Managing Director of NNPC; Mr Andy Yakubu, has said that a programme was underway for the rehabilitation and upgrading of the nation’s pipelines.
Yakubu, who disclosed this at a conference organised by the National Association of Energy Correspondents in Lagos, said that the rehabilitation was part of plan to deregulate the downstream sector.
He said that the development was also to stimulate the growth of Liquefied Petroleum Gas, which he said, was a significant substitute to Kerosene.
The Managing Director of NNPC; Mr Andy Yakubu, has said that a programme was underway for the rehabilitation and upgrading of the nation’s pipelines.
Yakubu, who disclosed this at a conference organised by the National Association of Energy Correspondents in Lagos, said that the rehabilitation was part of plan to deregulate the downstream sector.
He said that the development was also to stimulate the growth of Liquefied Petroleum Gas, which he said, was a significant substitute to Kerosene.
Yakubu was represented by Dr Timothy Okon, the Coordinator of Strategic Planning in NNPC.
Yakubu said that the programme, which would last for two years, would ensure subsidy proceeds were deployed to address supply chain bottlenecks.
He said that the aftermath of the programme would facilitate growth of alternative transport system such as rail transport and inland water ways.
The NNPC boss said that beyond the programme, there would be establishment of new refineries as well as expanding access to quality social and infrastructure services.
The theme of the conference was: Energy Industry Deregulation: Prospects and Challenges to the Economy.
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