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Pipeline Vandalism National Calamity – NNPCL

Written by Pyramid FM Kano

By: ABBA BASHIR; Amaka

The Nigerian National Petroleum Company Limited ( NNPCL) ,said that vandalism carried out over 5,000 kilometers of oil pipelines by vandals across the country has become a national calamity .
The Chief Executive Officer ( CEO) of the company , Mele Kyari who stated this during an interactive session with the Senate Committee on Petroleum ( Downstream) , assured Nigerians that the Nation’s four oil refineries would be made functional very soon .
According to him , the Problem of oil pipeline vandalism has been a recurring decima, in the sector over the decades as the company has not pumped oil through pipeline from Warri to Benin within the last 22 years .
” Over 5,000 kilometers oil pipelines in the country are not working . As a result of pipeline vandalism , 10million litres of oil was lost from volume pumped from Aba to Enugu at a time .
” There is no amount of security measures that had not been taken to curb the crime without success, which to us in NNPCL , is substantially a national calamity “, he said .

Mele Kyari said , the company is embarking on massive replacement of the pipelines which aside being vandalised , are old and obsolete .

He explained further to the committee that deregulation of the oil sector and in particular , subsidy removal carried out in May this year , has turned NNPCL into a profitable company .
According to him , before deregulation in 2018, the company made a loss of N802billion but after deregulation in 2021, made an excess profit of N687billion .
He added that while 67million litres of oil was consumed per day during the era of subsidy regime , average of 55million litres are being consumed on a daily basis now , just as the problem of smuggling the product across the border , have become things of the past .
The chairman of the committee, Senator Ifeanyi Ubah representing Anambra South said that proper dissection of challenges facing the sector would be better made in a retreat

 

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