…Project Will Generate 6,000 Jobs, Says Kyari
The Minister of State for Petroleum Resources, Chief Timipre Sylva has commended President Muhammadu Buhari for his giant strides in the Niger Delta which is making a huge impact on the people of the area.
The Minister made this known on Friday while speaking at a ceremony to mark the execution of Shareholders Agreement between the Nigerian National Petroleum Corporation (NNPC), the Nigerian Content Development & Monitoring Board (NCDMB) and Zed Energy for the establishment of a 50 million litre Petroleum Products Terminal in Brass, Bayelsa State.
The N10.5 billion Brass Petroleum Products Terminal project is expected to deliver an automated 50 million litre depot with two-way product jetty, automated loading bay, and 6 automated tanks for storage of 30 million litres of Premium Motor Spirit (PMS)and 20 million litres of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK).
In his remarks, the Executive Secretary of NCDMB, Simbi Wabote stated that this milestone was as a result of strong interagency collaboration and public-private sector partnership. “The NCDMB will continue to drive such partnerships across the industry to bring development in Nigeria,” he noted.
Earlier, the Coordinator of the Project and Group General Manager, National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti stated that the project would enhance the economics of marine petroleum products distribution.