July 21, 2016
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru on Thursday made a passionate appeal to the Nigerian military to help secure critical oil and gas infrastructure and curb the losses incurred by the Corporation due to the nefarious activities of pipeline vandals and oil thieves.
Dr. Baru who led a strong delegation of NNPC Top Management on a courtesy call on the Chief of Defence Staff, General Gabriel Olonishakin at the Defence Headquarters, Abuja, disclosed that from January to May this year, almost 1,447cases of pipeline hacking was recorded resulting to a loss of 109 million litres of petrol and 560,000 barrels of crude oil to refineries posing a great threat to the nation’s economy and the 2016 federal budget.
Gen. Olonishakin in his response said that the Defence Headquarters and the armed forces are duty bound to support and provide the NNPC with all necessary security support because of its strategic role in ensuring the economic survival of the nation.
Throwing more light on the episodes of pipeline vandalism, the NNPC GMD stated that over 3000 vandalism incidents were recorded every year from 2010-2015. In 2015 alone, pipeline losses of PMS volume of over 643 million litres valued at over N51.28 billion was incurred.