Nigeria Lost 65,700,000 Barrels to Pipeline Vandals in One Year, Says Shell Chairman
Photo of a big red oil tanker. There is long oil pipeline and cargo crane on deck of this ship. Vessel is steaming in blue, calm water to skyline under blue sky with smooth white clouds.
Nigeria lost staggering 65,700,000 barrels of oil to pipeline vandals in one year, the Chairman of Shell Companies in Nigeria, Dr Osagie Okubor, has revealed.
Okubor said the oil theft through pipeline vandalism was between March last year and March this year.
Speaking on the occasion of the Nigerian International Energy Summit held recently in Abuja, he disclosed this was what led to the closure of the Trans Niger Pipeline for about a year.
Punch Newspaper quotes Okubor saying, “What keeps me awake today as regards my onshore business in Shell is the fact that we cannot operate a pipeline, and that’s what is responsible for the 60 percent capacity. I think today that is almost just how much gas we can supply.
“And this is because one of our key gas infrastructures — the TNP — was shut down for one year; we removed 460 illegal connections on that line. We just reopened that line. Today we are struggling to catch up with our first programme.
“So, if you ask me what the number one issue has to be for the incoming administration, it has to be the security of oil and gas infrastructure. If you don’t fix it, then we have a huge problem on our hands.”
Okubor said the oil theft through pipeline vandalism was between March last year and March this year.
Speaking on the occasion of the Nigerian International Energy Summit held recently in Abuja, he disclosed this was what led to the closure of the Trans Niger Pipeline for about a year.
Punch Newspaper quotes Okubor saying, “What keeps me awake today as regards my onshore business in Shell is the fact that we cannot operate a pipeline, and that’s what is responsible for the 60 percent capacity. I think today that is almost just how much gas we can supply.
“And this is because one of our key gas infrastructures — the TNP — was shut down for one year; we removed 460 illegal connections on that line. We just reopened that line. Today we are struggling to catch up with our first programme.
“So, if you ask me what the number one issue has to be for the incoming administration, it has to be the security of oil and gas infrastructure. If you don’t fix it, then we have a huge problem on our hands.”
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