Minister of State for Petroleum Resources, Chief Timipre Sylva, has announced that all is in place for PMS (Petrol) and other Petroleum products sufficiency
Chief Timipre Sylva, who made this known on Monday after a stakeholders’ meeting comprising the group chief executive officer of NNPCL, Malam Mele Kyari; the Authority chief executive of NMDPRA, Engr. Farouk Ahmed; leadership of MOMAN, DAPMAN, IPMAN, NARTO, PTD and other energy on-radar players, said they have ensured an optimal supply and distribution of Petroleum Products across the Country, especially as Yuletide approaches.
Sylva, according to a statement made available to LEADERSHIP by his special assistant On Media and Public Affairs, Julius Bukoru, also informed the gathering that President Muhammadu Buhari has also appreciated the increase production levels of crude oil to 1.5 million barrels/day, commending the GCEO of NNPC Ltd for the sustained efforts in collaboration with the Armed Forces, states and Communities in curtailing the menace of crude oil theft.
He informed the meeting that President Buhari expects the same commitment by all of involved at ensuring the sustained supply and distribution of Petroleum Products across the country, “ I have no doubt in my mind that through transparency and collaboration, we all can meet the deadline given to us during the just concluded Ministerial Retreat to commence domestic refining of Petroleum Products by end of Q2, 2023 to reduce the fiscal deficit by eliminating our dependency on the importation of...
Sylva, accordingly, urged all stakeholders to ensure optimal supply and distribution of Petroleum Products across the Country, especially as we approach the Yuletide,” As a government, we are sympathetic to the economic plight brought upon ordinary Nigerians due to the soaring global energy demand triggered by the Russia-Ukraine conflict, which has strained the global supply of crude oil and its resultant effects.
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