Pipelines and Products Marketing Company, PPMC, is set to increase Nigeria’s petroleum products reserves by 80 million litres, with the construction of four new storage tanks and the rehabilitation of three existing tanks at its Mosimi Depot in Ogun state. Speaking during the inspection of construction works at the depot, Mr. Haruna Momoh, Managing Director, PPMC, said the construction and rehabilitation of the tanks, which will be completed by August 2013, will help boost storage and prevent disruption in the supply of petroleum products in the country.
Momoh stated that the project was awarded to an indigenous firm in line with the local content policy of the Federal Government, adding that the government is satisfied with the quality and pace of work of the contractors thus far. He disclosed that the project, approved by the Federal Government, is an initiative of the presidency to boost products’ supply and drive the National Strategic Stock Reserve policy. Read more