The Nigerian National Petroleum Corporation (NNPC) announced this week that it has reopened the Mosimi oil depot in Nigeria’s Ogun state after it was shut down for a year .The corporation said that the newly reopened depot would facilitate the supply and distribution of petroleum product in the South West region, Petroleum Africa reported.
According to Financial Nigeria, The NNPC shut down its System 2B Pipeline (Mosimi Area depot) since the pipeline was vandalized last year. The shutdown of the facility has been negatively affecting the commercial activities in the region as NNPC had to move trucks from Lagos to replace the vandalized pipeline that is connected to the depot.
“This is a historic day for NNPC, the South West Region and indeed Nigeria as this great area is once again back on stream, bringing more fortunes for all and sundry. The stress of moving our trucks from Lagos to convey petroleum product to this area is getting highly minimized,” NNPC’s Chief Operating Officer, Henry Ikem-Obih said.