In its efforts to ameliorate the fuel supply disruptions to the aviation industry, Nigeria’s emerging indigenous oil and gas major, Bonny Light Energy and Offshore Limited has committed to the supply of 60,000,000 litres of Aviation Turbine Kerosene (ATK) in the next six months.
This projected supply aligns with the pressing need for an increased supply of the much-needed fuel to sustain flight operations for millions of travellers in the country.
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Speaking on this commitment, the Chief Executive Officer, Bonny Light Energy and Offshore Limited, Mr. Toyin Banjo, stated that the company’s response aligns with the desire to salvage the Nigerian aviation sector from the daunting effects of the fuel shortage that is ravaging the global airline industry.
Banjo said: “As a responsible organisation with an understanding of the intricacies of international energy supply dynamics underpinned by our local knowledge of the Nigerian aviation space, we are committing a total of 60,000,000 litres of aviation turbine kerosene (ATK) monthly over the next six months.
“We strongly believe that this corporate action will positively affect the supply crisis in Nigeria’s aviation industry and provide much-needed relief in the already strained sector.
“We, however, understand the complexities of the global aviation industry, as well as the existence of numerous factors which may impede the fulfilment of our projection.
“Some of these constraints include the paucity of foreign exchange, poor competitive currency lines by banks to support importers and marketing companies, and high logistics costs for transshipment or trans-loading of time-critical products.”
Bonny Light Energy and Offshore Ltd is an emerging company in Nigeria’s indigenous exploration, production, pipeline transportation, strategic storage and marketing of petroleum products.
