NNPC GMD Baru, Mele Kyari, Group General Manager, Crude Oil Marketing Division at NNPC addressing the team in Dubai
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Happening Now: NNPC GMD in Dubai directs 618km pipeline project team to expedite Agreement process

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The Nigerian National Petroleum Corporation (NNPC)  GMD  Dr. Maikanti Baru has directed the 618km AKK Pipeline Project Team, Bank of China  and SINASURE  to expedite all Agreements on time for signing during President Muhammadu Buhari’s state visit to China.

 

NNPC GMD Baru, Mele Kyari, Group General Manager, Crude Oil Marketing Division at NNPC addressing the team in Dubai.

 

The Baru led NNPC has restated its commitment to actualizing the AKK project as approved and in line with the Federal Government’s desire to improve the supply of gas nationwide, thereby enhancing power generation, economic growth and employment opportunities.

 

The state oil firm emphasized that the execution of the strategic Ajaodkuta-Kaduna-Kano, AKK, gas pipeline project is progressing under the original concept of 100 percent contractor financing model.

NNPC GMD Baru, Mele Kyari, Group General Manager, Crude Oil Marketing Division at NNPC addressing the team in Dubai

 

NNPC further clarified that the amount spent for the early works shall be recovered immediately the loans disbursement starts and no part of tariff shall be spent on the project until the end of the loan moratorium period.

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