TheCable

The Nigerian National Petroleum Corporation (NNPC) says it is working on a digital platform for all its downstream activities to block leakages.

Speaking on Monday while declaring the 13th Oil Trading and Logistics Expo open in Lagos, Adeyemi Adetunji, the chief operating officer for downstream activities, said all emerging markets must follow the trend of a digitized and automated world.

Adetunji was represented by Bala Wunti, the managing director for Petroleum Products Marketing Company (PPMC).

“Old approaches of driving Cost efficiency and Safety are pretty much exhausted, hence in line with the Corporation’s TAPE Agenda, NNPC is aggressively working on digitizing its downstream operations,” he said.

Adetunji further stated that the emerging value models revolve around the confluence of a hydrocarbon economy and a data economy hence, all hands must be put on deck to fully digitalise the Downstream sector.

Also speaking on behalf of Mele Kolo Kyari, NNPC’s group managing director, Wunti said Operation White, a programme aimed at monitoring crude importation and fuel consumption will be sustained.

“That way we can have data for planning, we can have data for budgeting and we can make sure that Nigeria is paying for only what we are consuming,” he explained.

“We will try to block all the leakages, cross border smuggling and other activities. This will be beneficial to all stakeholders.”

The conference is an annual Pan African platform dedicated to the promotion of business, policy and stakeholder relationships in downstream petroleum markets across the continent