Crude oil theft and pipeline vandalism continues to defy government’s efforts in tackle the menace.
While the military operations in the South-South code-named Delta Safe says more than 4 Million Litres of crude oil have been recovered in the past 6 months, the country’s petroleum company, NNPCL, laments that there have been 9000 infractions on pipelines.
Crude oil theft and pipeline vandalism are significant problems in Nigeria, with severe environmental, economic and social impact.
In 2021, Nigeria lost more than 115 million barrels of crude oil to theft and vandalism, this led to a revenue loss of around $3.3 billion, representing about 10% of the country’s total crude oil production for that year.
According to OPEC, the country lost 105,000 barrels of crude oil daily in February, when compared to the daily crude oil volumes produced in January.
The country’s petroleum company, NNPC Limited has said there were 9000 infractions …