SAN FRANCISCO, October 18, (THEWILL) – The management of NNPC has refuted the allegation that it has stopped the importation of petroleum products as being reported in some media.
The Acting Group General Manager, Group Public Affairs Division, Tumini E. Green made this known on Thursday in a press statement.
She stated that NNPC/PPMC PMS supply in the system is in line with its approved quota of the national demand with a view to ensuring seamless supply as we approach the peak period in the last quarter of the year. The NNPC/PPMC as supplier of last resort has responsibility for maintaining a robust strategic reserve with additional reasonable buffer in line with the nation’s energy supply policy.
She maintained that the corporation’s PMS stock holding is in tandem with the approved PPPRA allocation to NNPC/PPMC, while emphasizing that the stock level covers marine, inland and strategic stock, she specifically, stated that as at 17th October 2013, the marine stock offshore stands at 19 cargoes translating to 25.6 days’ sufficiency, which is part of our National strategic reserve. Incidentally, the aggregate strategic reserve and buffer has been misrepresented in some media as marine stock lying offshore.
Meanwhile, with a view to ensuring stable PMS supply during the end of the year festive period, she said NNPC/PPMC has taken proactive measures to reschedule its delivery lay cans in order to guarantee steady fuel supply to the nation.
