Kyari commends gas firm for efficiency
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has commended the Nigerian Gas Company (NGC), a subsidiary of the Corporation, for institutionalizing a process efficiency system that has improved the company’s bottom line.
Malam Kyari gave the commendation during a visit by the management of NGC to formally brief him on the company’s International Organisation for Standardisation (ISO) 9001:2015 certification at the NNPC Towers, Abuja, eventually kick started the Corporation’s activities for the week.
The GMD who expressed satisfaction with the company’s financial performance tasked the Management of NGC on the need to sustain the current gains by striving to satisfy partners and shareholders at all times.
“I know that we are inching towards the goal of global excellence which can’t be possible without having the right processes in place.
But we must work hard to deliver value on the basis of those standards to meet our customers’ expectations and ultimately deliver dividends to our shareholders,” he urged.
The Chief Operating Officer, Gas and Power, Engr. Yusuf Usman, said the certification of the company by ISO was in line with the GMD’s Transparency, Accountability and Performance Excellence (TAPE) agenda to ensure that processes and operations of the NGC conform to global standards.
Speaking in a similar vein, the Managing Director of NGC, Engr. Seyi Omotowa, said the acquisition of the ISO Quality Management System (QMS) certification was a decision by the Management of NGC to place the company on the pedestal of quality for global competitiveness.
He said with the ISO 9001:2015 certification, NGC is in a better position to command the confidence of customers and broaden its clientele and the bottom line.
In another development, the Nigerian Gas Company Limited (NGC) has expressed its readiness to continue to build, expand and maintain the gas infrastructure footprint as part of efforts to deepen domestic gas utilization in the country.
The Managing Director of NGC, Engr Seyi Omotowa, who made this submission in Abuja, said that in the last one year, the Escravos to Lagos Pipeline System (ELPS 2) has been expanded.
He revealed that as at today, NGC is the second most profitable subsidiary of the NNPC.
Omotowa said the main business of the Company is gas transportation.
The NNPC revealed earlier in the week that it was considering equity participation in a number of private refineries in the country.
The Corporation said the development was in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping with its statutory role of safeguarding national energy security.
The Corporation has in the meantime identified at least six refinery projects in which it intends to seek equity participation, five of them are at the development stage with the Dangote Refinery being the largest of them.
The National Oil Company of Nigeria primarily has a dual role of providing stewardship for the nation’s hydrocarbon resources and adding value to the resources for the benefit of all Nigerians and other stakeholders.
These roles enable it to achieve the twin objectives of providing energy security for the country and stimulating the nation’s economic development and growth.
The refining sector is one of such segments where NNPC is revisiting its strategy in order to strengthen domestic refining capacity and guarantee National Energy Security.
The new vision is to grow domestic refining capacity, improve petroleum products supply from our local refineries and become a net exporter of petroleum products.
The Corporation assures that the move to seek equity participation in the private refineries would not undercut its commitment to the rehabilitation of its own refineries and strengthen the domestic refining sector, stressing that the overall goal is to boost the nation’s refining capacity within the soonest possible time and boosting the nation’s economy.
Also in the week, the NNPC reiterated its commitment to productive engagement with relevant security organisations to secure the nation’s oil and gas assets and forestall operational failure.