Friday, November 15, 2024 -In response to a recent news report suggesting the Nigerian National Petroleum Company Limited (NNPCL) has ceased importing refined petroleum products, NNPCL has refuted the claim, calling it a misrepresentation of statements by Group Chief Executive Officer (GCEO) Mele Kyari. The national newspaper report attributed statements to Kyari that reportedly signaled an end to fuel importation, asserting NNPCL was now solely sourcing from domestic refineries, including the Dangote Petroleum Refinery.
Kyari had addressed the Nigerian Association of Petroleum
Explorationists (NAPE) conference in Lagos, where he spoke on “Resolving the
Nigerian Energy Trilemma: Energy Security, Sustainable Growth and
Affordability.” According to NNPCL’s Chief Corporate Communications Officer,
Femi Soneye, while Kyari’s words were quoted correctly, the accompanying
interpretation misrepresented the GCEO’s statements, leading to a “false
narrative” on the status of fuel importation.
“While your report quotes the GCEO’s exact words in several instances,
you have inserted interpretations that misrepresent the context and meaning of
the statement. This misrepresentation has created a false narrative that
deviates significantly from the facts,” Soneye said in a formal statement. He
expressed disappointment over what he termed as the "infusion of incorrect
assertions" and cautioned media outlets to exercise due diligence when
reporting on sensitive national topics.
NNPCL emphasized that while the company prioritizes sourcing fuel from
local refineries, this decision hinges on economic viability rather than an
outright halt in importation. Soneye clarified, “The GCEO’s statement, ‘Today,
NNPC does not import any product; we are only taking from domestic refineries,’
should not be construed to imply that NNPC Ltd. is obligated to be the sole
off-taker of any refinery or that we will no longer import fuel."
Soneye further noted that NNPCL’s fuel-sourcing decisions are guided by
market costs and that other marketers also assess these factors when choosing
between domestic supply and importation. He highlighted the Petroleum Industry
Act (PIA), which grants import license authority to the Nigerian Midstream and
Downstream Petroleum Regulatory Authority (NMDPRA) and restricts NNPCL’s market
control to 30%, preventing monopolistic practices and promoting competition.
He acknowledged the newspaper's accurate coverage of NNPCL's
investments in Compressed Natural Gas (CNG) infrastructure aimed at bolstering
energy security. However, he urged caution against further misrepresentations
of Kyari’s statements, especially on topics with national security
implications, stressing, “Misleading narratives undermine public trust and the
integrity of your reputable newspaper.”
Soneye encouraged the media to seek clarifications when in doubt, stating, “A more cautious approach will benefit both your readership and the reputation of your publication."
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