shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » NNPC to Take Over 50 Percent of Filling Stations

NNPC to Take Over 50 Percent of Filling Stations

by Joshua
December 7, 2009
in Uncategorized

The Nigerian National  Petroleum Corporation (NNPC) has confirmed its determination to partner some independent marketers of petroleum products with the aim of taking over their filling stations and ensure a more steady supply of fuel throughout the country.
The development confirms Shipping Position Weekly’s recent exclusive story in which we reported that a large percentage of such retail outlets are to be taken over by the NNPC preparatory to its being transformed into an entirely commercial company in line with the reforms contained in the much-expected Petroleum Industry Bill (PIB).
Confirming the move NNPC’s Group Managing Director, Dr. Mohammed Sanusi Barkindo disclosed that NNPC has already taken over 133 filling stations from independent marketers.
Speaking at a two-day consultative meeting between government representatives and labour leaders on deregulation in Abuja last week, Dr Barkindo explained that the filling stations were taken over from independent marketers who were willing to partner with the corporation.
 According to him, the essence is to ensure that more stations will now come under the direct supervision of NNPC which currently operates 37 mega and 12 floating stations in some parts of the country.
Justifying the move, the NNPC boss said: “In all developing countries, their national oil companies operate across the supply chain, including the strategic downstream sector and it is not only seen from commercial perspective but also from national security implications. You cannot handover that sector to a group of people, private individuals, who you cannot predict their political coloration, cannot predict the decision they may take and the implication of such decision”.
Dr Barkindo was blunt to say that the proposal was aimed at breaking the monopoly which marketers currently enjoys and which according to him has often been to the disadvantage of all.
“Today, it only needs a text message round the marketing companies that simply says, stop loading in Mosimi for one day and you will see the multiplier effects across the country, from Sokoto to Maiduguri.
“If they don’t load for one day, you will see queues across the country. Why? They have the monopoly over the supply chain. About 15,000 stations in the country are not owned by the NNPC nor are they owned by the Product and Pipeline Marketing Company (PPMC) .They are owned by these marketing companies. Once we sell products from the depot, they take over in terms of where they will supply the products.”


Related Posts

ECOWAS Electricity Agency Assures Of Stable, Affordable Power Across W/Africa From 2023

FG Urges Entrepreneurs To Embrace ECOWAS Trade Scheme

May 19, 2023
Nigeria Targets Over $500 Million From Cashew Export

Weekly Global Marine Incidents May 8, 2023

May 8, 2023
Stock Exchange Closes Week With 24 Gainers 27 Losers

Stock Exchange Closes Week With 24 Gainers 27 Losers

May 1, 2023
Investors Buyout Norwegian Car Carriers from Klaveness

Investors Buyout Norwegian Car Carriers from Klaveness

May 1, 2023

Discussion about this post

Latest News

Vessels Expected At Lagos Ports As At 6th June, 2023

Vessels Expected At Lagos Ports As At 6th June, 2023

June 6, 2023

MWUN Call Off Strike Action As Shipping Coys Agree On Acceptable Condition Of Services 

NIMASA Debunks Nepotism Allegations Says Structure Based On Merit Professionalism 

Reps Summon NEPC MD Over Status Of $1.67bn Crude Oil Revenue

Court Sentence Three To Two Years Imprisonment Over Assault On Customs Officers

Customs Seizes Pangolin Scales Worth N432m In Bauchi

Customs PTML Welcomes Comptroller Saidu Yusuf, As Mahmoud Ibrahim Bows Out

Do you think Navy handled the prosecution of MV Heroin Idun very well?

Lesson From MT Heroic Idun    

Nigeria Stock Exchange Closes Market With Market Capitalization Of N30.4trn

We Won’t Fix Petrol Prices Again – NMDPRA

Subsidy: CPPE Urges FG On Interventions To Mitigate Impacts

kindly like our Facebook page

Health

  Taking Aphrodisiacs To Improve Sexual Potency, Dangerous — Experts
Health

  Taking Aphrodisiacs To Improve Sexual Potency, Dangerous — Experts

June 5, 2023

Health experts have described the trending addiction to aphrodisiacs by youths and some male adults for sexual potency as harmful...

COVID-19: Fifth Wave Looms As Nigeria Records Three Deaths In One Week

Most Diseases Are Preventable

May 29, 2023
Garcinia Kola: The Magic Of Chewing Just One Bitter Kola

Benefits Of Bitter Kola

May 29, 2023
FG To Place 80% Hypertensive Nigerians On Standard Treatment

FG To Place 80% Hypertensive Nigerians On Standard Treatment

May 22, 2023
High Blood Pressure Explained

High Blood Pressure Explained

May 22, 2023
Some Impressive Health Benefits Of Onions That May Interest You

Some Impressive Health Benefits Of Onions That May Interest You

May 22, 2023
Failed IVF Cycles Not End Of Parenthood Journey

Failed IVF Cycles Not End Of Parenthood Journey

May 15, 2023
COVID-19: Fifth Wave Looms As Nigeria Records Three Deaths In One Week

COVID-19: Nigeria Embarks On Integrated Health Emergency

May 15, 2023
Some Health Benefits Of Eating Groundnuts (Peanuts)

Some Health Benefits Of Eating Groundnuts (Peanuts)

May 15, 2023
BEWARE: Too Much Sex Is Bad For You!

DANGER: Why Sudden Death Happens During Sex – Expert

May 8, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition