Nigeria president give approval for additional crude oil volume

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The Nigerian National Petroleum Corporation (NNPC) on Tuesday said that the President of Nigeria has given approval for the corporation to take additional crude oil volume to guarantee the country’s supply of Premium Motor Spirit (PMS) petrol.
In a statement “NNPC determined to end fuel scarcity,” its  Group General Manager, Group Public Affairs Division, Garba Deen said that  due to the challenges that “major oil marketers face in contributing their supply quota due to constraint in accessing foreign exchange and outstanding subsidy obligations, NNPC is burdened with the obligation to guarantee almost 100% in the national supply, since the domestic crude oil supply (445,000 bbls/d) can only guarantee about 50% of the 45 million litres national requirement for petrol; we have secured presidential approval to take additional crude oil volume to guarantee national supply of petrol.”
Explaining the causes of the scarcity, the spokesman noted that in continuing with our desire to keep Nigerians abreast of the key actions taken in the downstream petroleum sector, NNPC re-assured Nigerians that it was on top of the petroleum products supply and distribution situation, and it remained committed to eliminating this endemic issue once and for all within the next few days.
According to the statement, the current administration inherited a huge catalog of issues and problems in the downstream sector not limited to arrears of subsidy payments to Oil Marketers, corruption and inefficiencies in the supply and distribution

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