The Nigerian National Petroleum Corporation (NNPC) increased the country’s storage capacity for petroleum products by 87.7m liters, with the re-commissioning of four product tanks at the Mosimi depot in Ogun State, All Africa reported.
NNPC’s Managing Director, Maikanti Baru, said that the dismantling and reconstruction of tank 13 and renovation of tanks 11, 12 and 22 at the Mosimi Depot would ease product distribution, according to Ecofin Agency. He added that the rehabilitated tanks’ combined capacity represents 54% of the total storage volume for Premium Motor Spirit, PMS, otherwise known as petrol at Mosimi depot.
Baru stated: “the coming on stream of the four tanks fits into one of NNPC’s 12 key business focus areas of his management team, which is the restoration of NNPC’s oil and gas infrastructure. The tanks had significantly enhanced the strategic storage capacity of PMS in parts of the country being served by the depot.” Additionally, Baru disclosed that NNPC will rehabilitate the access road to Mosimi depot to enable seamless evacuation of petroleum products from the depot.
The Mosimi depot was constructed in 1978 for the storage and distribution of petroleum products to the western part of the country.