Nigeria Losing 0.2m Barrels Of Oil Daily To Theft, Vandalism — NNPC

THE Group Managing Director of the Nigerian National Petroleum
Corporation (NNPC), Mallam Mele Kyari has disclosed that Nigeria is
presently losing about 200,000 barrels of crude oil daily to
thieves and vandals.

Kyari made this disclosure during a meeting with the Chief of
Defence Staff, Major General Lucky Irabor, in Abuja on Wednesday, a
statement by the Corporation said.

Kyari who commended the security agencies for their support,
called for more protection for NNPC’s operational assets and
personnel.

He disclosed that though petroleum products theft on the System
2B Pipeline has reduced considerably due to support from the
security agencies, the nation was still losing about 200,000
barrels of crude oil daily to theft and vandalism.

According to him, “We have two sets of losses, one coming from
our products and the other coming from crude oil. In terms of crude
losses, it is still going on. On the average, we are losing 200,000
barrels of crude every day”.

In his response, Major General Irabor promised to galvanize the
military to provide maximum security for the nation’s oil and gas
assets.

General Irabor commended Mallam Kyari for initiating the
engagement, saying “I am delighted that you made this effort, and I
tell you that the Armed Forces of Nigeria will collaborate with you
to protect NNPC’s assets”.

He acknowledged the significant role of the oil and gas sector
to the economy, stressing that there was need for collaboration
between the NNPC and the Armed Forces to protect oil and gas
facilities which he described as the critical national assets.

“It is my intention to cooperate maximally with you and to give
necessary instructions to all officers in the Armed Forces given
that our existence, economically, rests almost solely on the NNPC,
and to that extent, we must do everything possible to give you
everything that you require,” the CDS stated.

THE Group Managing Director of the Nigerian National Petroleum
Corporation (NNPC), Mallam Mele Kyari has disclosed that Nigeria is
presently losing about 200,000 barrels of crude oil daily to
thieves and vandals.

Kyari made this disclosure during a meeting with the Chief of
Defence Staff, Major General Lucky Irabor, in Abuja on Wednesday, a
statement by the Corporation said.

Kyari who commended the security agencies for their support,
called for more protection for NNPC’s operational assets and
personnel.

He disclosed that though petroleum products theft on the System
2B Pipeline has reduced considerably due to support from the
security agencies, the nation was still losing about 200,000
barrels of crude oil daily to theft and vandalism.

According to him, “We have two sets of losses, one coming from
our products and the other coming from crude oil. In terms of crude
losses, it is still going on. On the average, we are losing 200,000
barrels of crude every day”.

In his response, Major General Irabor promised to galvanize the
military to provide maximum security for the nation’s oil and gas
assets.

General Irabor commended Mallam Kyari for initiating the
engagement, saying “I am delighted that you made this effort, and I
tell you that the Armed Forces of Nigeria will collaborate with you
to protect NNPC’s assets”.

He acknowledged the significant role of the oil and gas sector
to the economy, stressing that there was need for collaboration
between the NNPC and the Armed Forces to protect oil and gas
facilities which he described as the critical national assets.

“It is my intention to cooperate maximally with you and to give
necessary instructions to all officers in the Armed Forces given
that our existence, economically, rests almost solely on the NNPC,
and to that extent, we must do everything possible to give you
everything that you require,” the CDS stated.