By Tochukwu Bliss, Abuja
The Nigerian National Petroleum Company (NNPC) Limited, yesterday, announced that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline has successfully crossed the River Niger, boosting the hope of the project’s completion by year end.
Group Chief Executive Officer (GCEO), NNPC Ltd, Bashir Bayo Ojulari, who announced the significant milestone while delivering a Keynote Address at the 24th NOG Energy Week, in Abuja, said the feat was achieved through effective and innovative contract reengineering and industry collaboration.
He also disclosed that for the first time in a long while, Nigeria enjoyed 100% crude oil pipelines availability throughout June.
He said the feat, which was possible through the industry-wide security interventions led by the NNPC, helped to boost crude oil production.
Mr. Ojulari however called for more investments to boost production, adding that NNPC Ltd has been able to turn the narrative around by consistently meeting its cash-call obligations to Joint Venture operations.
He said the Petroleum Industry Act (PIA) has placed NNPC Ltd in a good position to live up to its responsibility of leading the industry in financing projects.
He charged stakeholders in the conference to transit from a talkshop to a stage where performances are celebrated and investment deals closed.
The feat, which was possible through the industry-wide security interventions led by the NNPC, helped to boost crude oil production.
