The N10.5 billion Brass Petroleum Products Terminal project will generate 6,000 jobs, the Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said.
Kyari made this known at a ceremony to mark the execution of shareholders agreement between the Nigerian National Petroleum Corporation (NNPC), the Nigerian Content Development and Monitoring Board (NCDMB) and Zed Energy for the establishment of a 50 million litre Petroleum Products Terminal in Brass, Bayelsa State at the weekend.
The N10.5 billion Brass Petroleum Products Terminal project is expected to deliver an automated 50 million litre depot with two-way product jetty, automated loading bay, and six automated tanks for storage of 30 million litres of Premium Motor Spirit (PMS) and 20 million litres of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK).
Kyari said the Corporation was proud to be part of the project which aside ensuring products availability in all nooks and crannies of the Niger Delta will also guarantee the nation’s energy security and generate employment.
This was contained in the statement that Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, issued yesterday.
Speaking, the Minister of State for Petroleum Resources, Chief Timipre Sylva, commended President Muhammadu Buhari for his giant strides in the Niger Delta, which is making a huge impact on the people of the area.
He said: “I make bold to say today without any fear of contradiction that no President has impacted the people of the Niger Delta like President Muhammadu Buhari.
“Aside from what we are witnessing today, remember there is also the Brass Fertilizer & Petrochemical Company, the Oloibiri Oil and Gas Museum and the Oil & Gas Park in Ogbia, all under Mr. President.”
Sylva added that the establishment of the terminal further demonstrates Mr. President’s commitment to the enhancement of the livelihood of the Niger Delta people, particularly the riverine communities in Bayelsa State where people purchase products at exorbitant prices due to logistics challenges associated with transporting products to that area.
In his remarks, the Executive Secretary of NCDMB, Simbi Wabote, stated that this milestone was as a result of strong interagency collaboration and public-private sector partnership.
“The NCDMB will continue to drive such partnerships across the industry to bring development in Nigeria,” he noted.
Earlier, the Coordinator of the Project and Group General Manager, National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti, stated that the project would enhance the economics of marine petroleum products distribution.