NNPC, NCDMB and ZED Energy Sign Shareholder Agreement for Brass Petroleum Products Terminal (BPPT)

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The Nigerian Content Development and Monitoring Board (NCDMB), Nigerian National Petroleum Corporation (NNPC), and ZED Energy Ltd earlier have signed shareholders agreement for the construction of Brass Petroleum Products Terminal LtdĀ  (BPPT) in Brass LGA of Bayelsa State.

The Brass Petroleum Products Terminal Ltd (BPPT) is expected to close any infrastructure gap in the distribution of petroleum products and also stop illegal refining activities taking place in the region.

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BPPT is as well expected to stabilise petroleum products price in the riverine communities of the Niger Delta and create over ten thousand jobs for the people of the area.

The signing ceremony was held under the supervision of the Minister of State for Petroleum Resources Chief Timipre Sylva.

GMD Mallam Mele Kyari signed on behalf of the NNPC; NCDMB’s Executive Secretary Simbi Wabote signed on behalf of his organisation while Mr. Onesi Obende, Director ZED Energy, signed on behalf of his company.

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