PPMC CEO praises Jonathan for 'transforming' oil sector, but strike looms

PPMC CEO praises Jonathan for 'transforming' oil sector, but strike looms

Sunday, December 14, 2014 8:20 pm


Haruna Momoh: praises Jonathan

Haruna Momoh: praises Jonathan

The Managing Director, Petroleum Products Marketing Company ( PPMC), Mr Haruna Momoh, has commended Nigeria’s President Goodluck Jonathan for ‘transforming’ the nation’s oil sector through innovative initiatives and policies in oil and gas.

Mommoh made the commendation in an interview with newsmen on Sunday in Abuja.

His commendation coincided with the announcement by the two unions in the oil sector, NUPENG and PENGASSAN, to begin a total shutdown of Nigeria’s oil sector from Monday 15 December, because they were not impressed by Jonathan ‘s achievement in the sector.

But according to Momoh, President Jonathan had through the Minister of Petroleum Resources, reformed the energy sector in terms provision of new infrastructure, policies and programmes such as the local content initiative.

According to him, the new gas field development and the pending Petroleum Industry bill (PIB) among others, are some of the key initiatives of the Federal Government to transform the sector.

Mommoh said that the petroleum sector under the minister of petroleum resources was committed to continuous reforms of the energy sector to meet the needs and aspirations of Nigerians.

“When we came on board,more than two thirds of the petroleum depots were out of operation but as I am talking to you today,we have put more than two thirds of the depots back into operation.

“We rehabilitated them and made them functional and this has enhanced the capacity of the administration to make petroleum products available nationwide.

“I am happy to tell you that we are providing petroleum products to Nigerians regularly and without interruption.

“We have not had fuel supply crisis because of the upgrade of depot infrastructure and unbending determination of the administration to avoid any hardships fuel scarcity might cause Nigerians,” he said.

The managing director said that regular availability of petroleum products was a major achievement of the administration, saying that the few cases of scarcity were always due to labour action.

He reassured of the company’s commitment to make products available during the yuletide.


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