Group managing director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru says NNPC had lost 109 million litres of petroleum products in five months.
Baru disclosed this at a meeting with Abdudullahi Muhammadu, the commandant general of Nigerian Security and Civil Defense Corps, NSCDC.
“Pipe vandalism and stealing of petroleum products is taking a toll on the operations of the NNPC, as it has lost 560,000 barrels of crude to the refineries as feedstock and 109 million litres of petroleum products between January and May 2016,” Baru said. He hinted that the corporation suffered 1,447 incidents of pipeline breaches in the same period.
According to the Baru, “The 2016 national budget plan was based on 2.2 million barrels per day of crude oil production. However, the budget plan is now grossly impacted due to renewed militancy with 700,000 bpd of oil production curtailed due to pipeline vandalism.”
In a statement signed by Garbadeen Mohammed, group general manager, Group Public Affairs, of NNPC, Baru added that natural gas supply to power plants had also been affected, resulting in a drop from 1400 million standard cubic feet of gas per day to below 700mmscfd and a drop in power generation to 2500 megawatts from 3000mw, owing directly or indirectly to the impact on the pipelines.
He called for a deeper collaboration with the NSCDC for enhanced protection of pipelines, gas stations, mega stations, refineries and other critical oil infrastructure across the country.
Responding, Muhammadu pledged NSCDC’s collaboration with the NNPC to halt activities of pipeline vandals and oil thieves in the country.
The NSCDC boss further said the mandate of the corps was to protect critical national infrastructure, including oil installations, and assured the NNPC of its readiness to end pipeline vandalism.

READ ALSO  Court orders PENGASSAN to recall suspended members

Ad:See How you can turn $500 into $10,000 Click HERE For Details.