• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

FG to implement Saudi Aramco’s security infrastructure for oil pipelines

Chike Olisah by Chike Olisah
August 31, 2022
in Energy
Don’t Miss: By July 2023 oil production will hit 1.8 million barrels per day - Mele Kyari
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian National Petroleum Company (NNPC) Limited says that the Federal Government has concluded plans to implement a security infrastructure that is similar to the one done by Saudi Aramco in order to protect its oil pipelines.

The new measure might not be unconnected to the increasing level of pipeline vandalism and crude oil theft that have hit the oil sector in recent times with massive loss of revenue.

The new security architecture which is expected to be unveiled soon will help stop massive oil pipeline vandalism that has resulted in the country losing 30% of produced volumes to crude thieves.

RelatedStories

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025

May 31, 2025
Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

April 18, 2025

This was made known by the Group Managing Director and Managing Director of the NNPC, Mele Kyari while speaking during the 49th session of the weekly State House ministerial briefing at the Presidential Villa on Tuesday, August 30, 2022, in Abuja,

What you should know

  • The NNPC boss had also earlier accused some religious organizations which include churches and mosques, highly placed individuals, security operators among others, of being complicit in pipeline vandalism and crude oil theft.
  • Nigeria has since the beginning of the year failed to meet its crude oil OPEC quota due to an increasing level of crude oil theft and vandalism, which has gotten to an alarming level.
  • The Federal Government had revealed that Nigeria lost about $1 billion in revenue to pipeline vandals and oil thieves in the first quarter of 2022.
  • Kyari had earlier insisted that the Federal government took the right decision to hire private contractors to help secure the oil pipeline across the country, despite some criticisms of that policy.
  • He argued that although the security agencies are doing their part, end-to-end pipeline surveillance would require the involvement of private entities and community stakeholders

Follow us for Breaking News and Market Intelligence.
Tags: Nigerian National Petroleum CompanyNNPC
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025
Energy

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025

May 31, 2025
Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 
Energy

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

April 18, 2025
NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics
Digital Media

NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics

April 5, 2025
Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC
Energy

Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC

April 2, 2025
Petrol price, NNPCL, PMS
Breaking News

Petrol price rises to N970 per litre at filling stations

March 30, 2025
Why fuel subsidy removal cannot wait any longer - energy expert
Business News

Marketers dismiss fuel scarcity fears, urge Nigerians to avoid panic buying 

March 26, 2025
Next Post
Telecommunications: Price increases to the rescue, but how much more room?

Nigerian telcos to earn more from international calls as NCC increases rate to $0.10 

Comments 5

  1. mike says:
    August 31, 2022 at 10:27 am

    We are tired of excuses from Kyari and others that supposed to be involve in keeping the oil line secured.
    Why making a blanket statement that Church and Mosque are involved, this is just a rethoric that holds no water, can’t you mention them? name and Shame them.
    We know that highly placed people in Government, in NNPC and security agents are mostly involved. You are giving them cover by not mentioning their names. it is a shame.

    Reply
    • Meke says:
      August 31, 2022 at 8:19 pm

      Kyari Na mugu
      Which one b churches n mosques

      Reply
  2. T t says:
    August 31, 2022 at 10:44 am

    The high security Saudi Arabia pays for the oil facilities is important, as anything happens to the facilities will directly affect the international supply of oil.

    Reply
  3. T t says:
    August 31, 2022 at 10:45 am

    We have witnessed some terrorizing efforts to target the oil facilities, which the Saudi forces had successfully intercepted. The Houthi militias were firing their missiles and targeting facilities for the goal of affecting the international oil supply and cause an economical mess globally.

    Reply
  4. Abdul kadhar says:
    September 5, 2022 at 8:20 am

    I am said to Nigerian people don’t steals crude oil and don’t fight with government

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Benue food inflation drops to 22% despite deadly attacks  
  • 3 Key financial takeaways for investors interested in Nigeria’s MSME space 
  • Naira, U.S dollar bow to surging British Pound Sterling   

Follow us on social media:

Recent News

Food, commodity inflation, food insecurity

Benue food inflation drops to 22% despite deadly attacks  

June 17, 2025
3 Key financial takeaways for investors interested in Nigeria’s MSME space 

3 Key financial takeaways for investors interested in Nigeria’s MSME space 

June 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics