Oil Theft: Stakeholders Urge NNPC, Oil Majors to Make Pipelines Inacessible

Stakeholders at the recent community-focused conference on ‘Oil Theft and Illegal Oil Bunkering’, have advised the Nigerian National Petroleum Corporation (NNPC) and multinational oil companies operating in Nigeria’s oil and gas industry  to bury the pipelines deeply underground, to make them inaccessible to oil thieves and vandals.

At the conference, which was organised by the office of the Special Adviser to the President on Niger Delta, the stakeholders suggested that encasing the pipelines in depths would curb incessant crude oil theft and pipeline vandalism in Nigeria.

In a communiqué issued at the end of the event, obtained by reportersat the weekend, the stakeholders also recommended that headquarters of oil companies be moved to the Niger Delta, Nigeria’s oil producing region.

They also urged the oil companies to institute a more transparent oil loading regime and “stop forthwith the loading of plus five per cent on every vessel”, which provides lifters the opportunity to exceed their approved allocations.

According to the stakeholders, increased collaboration between the international community and the federal government was necessary in combating oil theft and illegal oil bunkering in the Niger Delta and the Gulf of Guinea.


About Author

This is BizWatchNigeria. Nigeria's first online business Newspaper.

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.