The Nigerian National Petroleum Corporation has pledged to support ongoing initiatives by the Federal Ministry of Petroleum Resources to provide alternate energy source to Nigerians.
It said this would be through aggressive activation of Compressed Natural Gas refill stations for motorists across the country.
The Group Managing Director, NNPC, Mele Kyari, disclosed this in a statement issued in Abuja.
Kyari said the NNPC had already keyed into the gas penetration agenda as championed by the Minister of State for Petroleum Resources, Chief Timipre Sylva.
He said the corporation would continue to work with other stakeholders in the industry to provide viable alternatives to petrol, which would ultimately lead to reduction in demand for the product and eventual drop in price.
The NNPC boss reiterated the commitment of the corporation towards openness and greater transparency in its operations.
He stated that in the months ahead, the NNPC would make public its 2019 Audited Financial Statements as a sequel to the 2018 AFS released in June this year.
Kyari also shed more light on the status of the nation’s refineries, noting that the plants were deliberately shut down to allow for a diagnosis of the issues.
These issues, he said, had over time made it impossible for the facilities to operate up to their name plate capacity.
He explained that the shutdown also became inevitable due to difficulties in feeding them with crude oil via the pipelines that had been completely compromised by vandals. Kyari said the corporation was moving rapidly to execute complete rehabilitation of the refineries under an exercise that would guarantee restoration of the facilities to at least 90 per cent capacity utilization.