NNPC losses 200,000b daily to theft

The Nigerian National Petroleum Corporation (NNPC) has said the nation was still losing about 200,000 barrels of crude oil daily to theft and vandalism.

Group Managing Director (GMD) Mallam Mele Kyari, alongside his top management staff, made this known in a meeting with the Chief of Defence Staff, Major General Lucky Irabor at Defence Headquarters in Abuja.

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

He disclosed 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.

“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,” Kyari stated.

Irabor commended 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”.

Major General Irabor, who acknowledged the significant role of the oil and gas sector to the economy, said 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.

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