Tag
CRUDE OIL THEFT
According to the NNPCL report, during the period highlighted, there were 24 illegal connections, 43 illegal refineries, 17 pipeline vandalism acts, 23 vessels AIS infractions, 5 wooden boat arrests, 10 vehicle arrests, 4 oil spills, 3 illegal storage sites and 2 vandalism acts.
Heineken Lokpobiri has appealed to leaders of some communities in the Niger Delta to speak to people in their location about the dangers of crude oil theft.
A review of crude oil theft incident reports provided by the Nigerian National Petroleum Company Limited (NNPCL) between May and the second week of October 2023, it's alarming to discover that there have been 4,145 recorded crude oil theft incidents.
Between September 30 and October 6, 128 crude oil theft incidents were recorded across the oil-producing areas of the Niger Delta.
The Nigerian Senate has revealed that the country has lost N2.3 trillion to the menace of crude oil theft so far in 2023.
The Nigerian National Petroleum Company Limited (NNPCL) recently reported a concerning surge in crude oil theft within a week, spanning from September 23 to 29, primarily in the oil-producing region of the Niger Delta.
The Nigerian Extractives Industries Transparency Initiative (NEITI) has provided some recommendations on how the Federal Government can tackle crude oil theft decisively.
The Nigerian National Petroleum Company Limited (NNPCL) has said that between August 26 and September 1, 2023, there were 150 crude oil theft incidents mainly across Bayelsa, Rivers, Imo, and Delta States.
The Nigerian National Petroleum Company Limited (NNPCL) has said that it recorded 164 crude oil theft incidents between August 19 to 25, 2023.
Crude oil theft: Tanker and crew must pay $15M and N5M penalties before release- Awwal Gambo insists
Between 2009 and 2020, Nigeria lost 619.7 million barrels of crude oil valued at $46.16 billion or N16.25 trillion to crude oil theft.
The Nigerian Extractives Industries Transparency Initiative (NEITI) said the country lost 619.7 million barrels of oil to crude theft in 12 years.
Nigeria’s crude oil revenues could see a drop in the near term due to the current French strike action which started on March 7th 2023.