Nigeria

AKK Gas Pipeline Project Nears 70% Completion, Pulped $1.1bn So Far


Published: Tuesday April 25, 2023
By: Oilfield Africa Review

There are all indications that the Nigeria AKK gas pipeline project is experiencing a smooth sail in project execution according to plan. This affirmation is in collaboration with recent visit paid by the country NNPC Limited Group CEO, Mr. M K Kyari on an inspection tour of one of the AKK Gas Pipeline project sites in Ahoko, Kogi State.

The Nigeria National Petroleum Corporation boss who showed satisfactory disposition on level and pace of work disclosed that the project is almost at 70% completion with over $1.1bn so far released to finance the project and with major part of the finance coming from the country’s coffers.

“The AKK Gas Pipeline is one massive project we are running as NNPC Limited. It has immense value for Nigeria & its socio-economic growth. The project has not stopped for one day. We have continued to fund it despite the absence of third-party financing,” NNPC Group CEO, Mr. Kyari posited.

On veritable economic value of this project is to the present government lead by H.E Mr. Mohammadu Buhari in particular and country in general, the NNPC Ltd Group CEO Mr,. Kyari in assessment highlighted the ultimate important of the laudable project is the economic development of Nigeria particularly now the global energy economic has turned to gas as major of power.

“The AKK Gas Pipeline line will flow 2Bscf/d and will power industries, power plants & create gas-based industries. By third quarter 2023, we will complete the entire welding job on this line which means we will be able to energise it by the end of this year,” Group CEO Mr. Kyari, stated.

The AKK Gas Pipeline Project is being constructed by the Nigeria indigenous company Oilserv Limited aa EPCM company with global expertise. Represented by the Company’s Managing Director Engr. Chigozie Obi, Engr Obi in his remark, highlighted his company’s commitment in seeing that the project is delivered on scheduled. He collaborated this sighting the level of workforce engaged to the project for timely delivery.

“We have about 50 different crew members working independently, so you can see when you coming that the work is going on in full blast nonstop,” Mr. Chigozie Obi, MD oilserv, Asserted.  

The present Nigeria government lead by H.E Mr. Mohammadu Buhari is expected to elapse on May 29, 2023 and he is expected to hand over power to the president – elect Mr Bola Ahmed Tinubu whose election is currently being challenged in election tribunal. The visit to the project site by Mr. Kyari is not far from showing how great important this project is to the present administration, seeing the project as a vivid testimony and legacy to be proud by the outgoing government.

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