NNPC Stops Sale of Refineries: Uunbundles PPMC
Posted by admin | 9 years ago | 2,529 times
The Sale of the nation’s refineries has been ruled out with the unbundling of the pipelines and products marketing company, PPMC, into three different companies.
The Managing Director of the Nigerian National Petroleum, Corporation, IBe Kachikwu at an official tour of Okirika Jetty and the Port Harcourt Refining Company Limited, said the PPMC, with its split would now focus on the primary maintenance of the over five thousand kilometers pipeline of the corporation, a storage company that would maintain over 23 deports and a product marketing company that would enhance the market and sell of petroleum products.
The move is to ensure adequate usage of skills, as well as prevent leakages in terms of pipelines break and products loss.
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