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Thursday, 16 August 2012

NNPC ASSURES ON PETROLEUM PRODUCTS SUFFICIENCY


As long queues persist in Abuja, the Nigerian National Petroleum Corporation NNPC has assured that the problem is not that of a short fall in petroleum products availability as the corporation, as at yesterday, has forty five days stock for the nation.

He explained that since the NNPC does not control the supply and distribution chain of the products most of its mega stations are also affected.

The NNPC media relations general manager however sounded confident that a position will be agreed upon very soon as the petroleum minister and the NNPC management has been engaging the federal government in series of meetings to find a solution to the claims of the unions.

It would be recalled that following the seven days ultimatum issued to the federal government by major oil marketers association of Nigeria and independent petroleum marketers association of Nigeria to either pay up fuel subsidy claims or face a nationwide scarcity of products, the depot and petroleum products marketers association and jetties and petroleum tank farm owners of Nigeria, who control the supply and distribution chain, have also issued similar warnings.

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