To further give a fillip to its reforms, the Nigerian National Petroleum Corporation (NNPC) has takenanother giant stride as it aggressively embarks on digitizing its downstream operations. To this end, NNPC has deployed innovation and information technology to entrench downstream competitiveness.
The Chief Operating Officer, Downstream, Mr Adeyemi Adetunji, disclosed this assertion whiledeclaring open the 13th Oil Trading and Logistics Expo in Lagos.
The conference which has as its theme, “Growth, Innovation and Technology”, is an annual PanAfrican platform dedicated to the promotion of business, policy and stakeholder relationships indownstream petroleum markets across the African continent.
Adetunji said emerging market trends toward a digitized and automated world had necessitated a rapidshift in focus for all downstream players in the nation’s oil sector. “Old approaches of driving cost efficiency and safety are pretty much exhausted, hence in line with the corporation’s TAPE Agenda, Transparency, Accountability and Performance Excellence.
“ NNPC is aggressively working on digitizing its downstream operations,’’ said Adetunji, who wasrepresented by the Managing Director, Petroleum Products Marketing Company (PPMC), Mr BalaWunti.
Adetunji said the emerging value models revolve round the confluence of a hydrocarbon economyand a data economy and therefore, called for “all hands must be put on deck to fully digitalisethe downstream sector.’