Oil theft – 22 million barrels of the nation crude oil was lost in 6 months – Obaseki.

Governor Godwin Obaseki
Gov Godwin Obaseki Credit: Pulse.ng

The Governor of Edo State and also the Chairman of the Ad-hoc Committee of the National Economic Council on Crude Oil Theft, Prevention and Control, Godwin Obaseki has called on stakeholders to take action in combating menace of oil theft.

According to a statement by the Nigerian National Petroleum Corporation (NNPC), Obaseki made this known in a meeting with stakeholders at the Corporation building in Abuja.

Obaseki said within the first six months of 2019, Nigeria has suffered a lost of 22 million barrels in its crude oil production due to oil theft and pipe vandalism.

Godwin fears if action is not taking the lost might double at the end of the year.

The NNPC June 2019 Monthly Financial and Operations Report, shows a 77 per cent rise in the cases of oil pipeline vandalism across its network of pipeline infrastructure.

“106 pipeline points were breached, which was an increase from the 60 points vandalised in May 2019,” the report added.

The meeting had in attendance the Group Managing Director, NNPC, Mele Kyari, and representatives of the governors of Delta, Bayelsa, Ondo, Cross River, Akwa Ibom and Rivers States.

The security agencies where also available as well as International Oil Companies and some indigenous operators.

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