The Nigerian National Petroleum Company Limited (NNPCL) has announced the establishment of a new 150 million litres storage facility dedicated to storing products from the Port Harcourt Refinery.
According to legit.ng, In the year 2023, the company reported the distribution of approximately 14 billion litres of white products, including kerosene, Premium Motor Spirit (PMS), and diesel. Furthermore, NNPCL revealed plans to initiate the supply of aviation fuel to major airlines such as British Airways, Qatar Airways, and Air Morocco.
According to the state oil company, the Atlas Cove Jetty, located within the precincts of Tarkwa Bay in Lagos state, is a major installation of NNPCL for receipt and distribution of petroleum products to the western part of Nigeria.
Disclosing this in a documentary, it said its retail arm distributed about 14 billion litres of white products in 2023.
White products include Premium Motor Spirit, popularly called petrol; Automotive Gas Oil or diesel; and Dual Purpose Kerosene, otherwise referred to as kerosene. The oil company stated: “Powering its way through, NNPC Ltd’s Retail arm, with the largest network in Nigeria, distributed over 14 billion litres of white products in 2023. Its 900 retail outlets played a pivotal role in achieving this feat.”
Aviation arm created The NNPC also said it was making inroads into the aviation fuel supply. According to the company, an aviation arm that would supply fuel to three international carriers has been created.
It added that more airlines will be added to the list as it progresses. “To expand its operations, NNPC Retail has rebranded its aviation services. With the birth of NNPC Aviation, the company will be supplying fuel to various airlines, including British Airways, Qatar and Air Morocco, with more partnerships in the horrison.” Why NNPC borrowed N3.3bn Legit.ng earlier reported that the NNPCL explained the controversial $3.3 billion crude oil pre-payment loan it signed with the African Export-Import Bank (Afreximbank) in 2023.