By Uche Usim and Adewale Sanyaolu
Plans of improved supply of petroleum products received a boost yesterday as the Petroleum Corporation (NNPC) has re-commissioned four petroleum products tanks with 87.70 million litres capacity recently rehabilitated at the Mosimi depot in Ogun State.
It was constructed in 1978 for the storage and distribution of petroleum products to the western part of the country.
The Group Managing Director of NNPC, Dr. Maikanti Baru, while re-commissioning the facilities said the tanks had significantly enhanced strategic storage capacity of Premium Motor Spirit (PMS) otherwise known as petrol in parts of the country being served by the depot.
The NNPC boss noted that the coming on stream of the four tanks fits into one of NNPC’s 12 key business focus areas, which is the restoration of NNPC’s oil and gas infrastructure.
Baru explained that the rehabilitated tanks’ combined storage capacity represents 54 per cent of the total storage capacity for Premium Motor Spirit (PMS) otherwise known as petrol at Mosimi depot, adding that the new gauging and metering technology adopted would help reduce waste and stop leakages in the operations of the depot.
He further disclosed that part of NNPC’s corporate social responsibility programme was to rehabilitate the access road to Mosimi depot to enable seamless evacuation of petroleum products from the depot.
On his part, the Chief Operating Officer, Downstream of the NNPC, Engr. Henry Ikem-Obih, said the re-commissioning of the four tanks would further help the Corporation to attract more local and international investors into the downstream sector of the Nigerian oil and gas industry.
Earlier, the managing director of the engineering company that executed the project, Engr. Benson Adano thanked the NNPC for promoting the local content policy and assured that the project was executed in line with best global practices.