The Nigerian National Petroleum Corporation NNPC, says it will implement effective commercial framework that will halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas, also known as cooking gas.
A release endorsed by its Group General Manager, Group Public Affairs Division, Sir Ndu Ughamadu, said the move to stop the export of propane and butane which is anchored by the Crude Oil Marketing Division of the NNPC will enable the Corporation boost supply of Liquefied Petroleum Gas to the domestic market thereby leading to a natural downward slide in the price of the product across the country.
The release quotes the Group General Manager, Crude Oil Marketing Division of the NNPC, Mallam Mele Kyari, as saying that the Division is working in concert with stakeholders to create the enabling environment for in-country production of Liquefied Petroleum Gas and cessation of export of the country’s equity butane and propane entitlements due to absence of in-country vessels for transport and other considerations.
The release said that the goal of the Division in 2019 is to complete the automation process in the marketing and sale of Nigerian crude oil grades which teed-off in 2017, noting that all hands must be on deck to achieve hundred percent, end-to-end conclusion of the process.
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