FG develops framework on pipeline property concession

FG develops framework on pipeline property concession

Saturday, November 5, 2022

Oil pipelines

Oil pipelines

The Ministry of Petroleum Sources says it has developed a framework for the concession of oil and gasoline pipeline property.

This was disclosed by the ministry’s everlasting secretary Gabriel Aduda at a workshop in Abuja.

In keeping with a press release by Enefaa Bob-Manuel, spokesman for the ministry, on Thursday, Mr Aduda mentioned the position of pipelines in fluid transport couldn’t be overemphasised.

He mentioned the federal government’s need was to permit personal sector participation within the pipeline phase of the petroleum business.

Mr Aduda disclosed that Nigeria had two crude supply pipeline networks to the refineries, together with the Escravos-Warri-Kaduna Pipeline system and the Bonny-Port Harcourt pipeline system, all originating from crude export terminals.

“The 5,120km pipeline community was additionally constructed to distribute petroleum merchandise from the 4 refineries. With a capability of 445, 000 barrels of crude per day to storage depots throughout the nation, and about 3,000km of gasoline pipeline community,” he mentioned.

The everlasting secretary mentioned that over time, possession of pipeline property within the Nigerian oil and gasoline business had been the unique protect of the federal government.

He famous that this mission was conceived to convey personal traders to function pipeline property. In keeping with him, this may allow personal corporations to design, assemble and function pipeline infrastructure.


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