236.48m liters of PMS, others deliver to Nigerians half year of 2017 –says KRPC Boos

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By: Joy Odor/Kaduna

The Managing Director, Kaduna Refining and Petrochemical Company Limited (KRPC), Engineer Adewale Ladenegan has said that the Company has produced and delivered to Nigerians 236.48 million liters of Premium Motor Spirit (PMS), 87 million liters of Household Kerosene, 197.51 million liters of Automotive Gas Oil (AGO) and 66.39 million liters of Low Pour Point Fuel Oil (LPFO) in the half year of 2017.

Engineer Ladenegan stated this to newsmen during his speech at the 5th Annual Kaduna Refining and Petrochemical Company (KRPC) two-day capacity building workshop of media practitioners from various media houses with the Theme: “Towards Enlightened Reportage of the Oil and Gas Industry” held in Kano State on Friday. 

According to him, being a country whose budget is funded largely through revenue from crude oil sales, media always demand transparency and accountability in the oil and gas sector which KRPC has resolved to ensure that media practitioners have the necessary knowledge and capacity to effectively report the oil and gas industry.

Represented by the Executive Director Services, Dr. Abdullahi Idris, the Managing Director said the role of the Media in the development of the country cannot be over emphasized affirmed that KRPC recognized the unique role the mass media plays in the development of any nation giving their invaluable contribution to governor as a watchdog and partners in progress.

Engineer Ladenegan however mentioned that KRPC will now commence operating Operate and Market (O & M) business model which calls for competitiveness, products sustainability and profitability, saying the key to an effective model is hinged on varieties, need and access.

He informed that KRPC will henceforth widen their products range to produce, adopt operational excellence, technology and flexibility in planning and productive conversation between all stakeholders of production, service, finance and marketing.

This, he said, required holistic approach to planning and could not be achieved without the host communities’ co-operation and solicited for their support.

On the issue of risk management, Engineer Ladenegan assured that it will strengthen and review its risk management system by identifying, measuring, prioritizing, controlling and mitigation all the risk factors inherent in the system.

Such factors include unsafe acts, equipment damage, natural catastrophe, euphemizing that KRPC is currently well in the domain and must continue to maintain the tempo while promising that KRPC will remain competitive in its sustain production and achieve customer satisfaction, avoid product failure integrity and reputation risk.

In his remark, the Executive Director Service of KRPC, Dr. Abdullahi Idris stressed that the presence of the media is without a doubt vital for a functioning democracy in the quest for good corporate governance hence the need for KRPC to strengthen the working relationship between the media and oil and gas sector.

Dr. Idris hoped that the workshop will improve on serving news that contribute to critical thinking among the general public and also harness the pivotal role of media practitioners in effectively communicating activities of the oil and gas sector.

The Executive Director also expected that the workshops will afford the participants the opportunities to deliberate critically on reportage process, appraise performance of the media to ascertain if contributing in values addition to the nation’s oil and gas sector.

 

 

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