Once again, Kyari, NNPC management team, EU delegation, others storm Niger Delta creek to fight oil theft and vandalism – The Whistler Newspaper
The Group Managing Director of the Nigerian National Petroluem Company Ltd, Mele Kyari, the European Union Delegation, senior officials from NNPC Ltd as well as representatives of security agencies visited the Niger Delta on Thursday to assess the ongoing fight against crude oil theft. , illegal bunkering and vandalism of oil and gas facilities.
The NNPC delegation which was led by Kyari had Group Executive Director (Upstream) Engr Adokiye Tombomieye; GED Gas and Electricity Abdulkadir Ahmed; Group Managing Director, National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti; Joint Venture Asset Manager Mr. Mustapha Yusufu; Head Gas Facilities, Dr Obinna Otuu and PTDT Upstream Mr Olanrewaju Igadan.
The EU delegation had Mr. Matthew
Baldwin (Deputy Director General, European Commission); Ms. Samuela Isopi (EU Ambassador to Nigeria and to ECOWAS); Ms Cecile Leemans (South Partnerships Team Leader, European Commission); Mr. Richard Young (Head of West Africa Division, EEAS); and Mr. Thomas Kieler (Political Adviser, EU Delegation to Nigeria).
The other members of the EU Delegation are Mr. Jerome Riviere (Program Manager, EU Delegation to Nigeria); Mr. Juan Sell (Spanish Ambassador to Nigeria); Mr. Tarek Chazli (Chargé d’Affaires of the Italian Embassy in Nigeria); and Mr. Luis Barros (Portuguese Ambassador to Nigeria)
The delegation was also accompanied by Admiral Aminu Hassan, Commander of Delta Safe Operations.
In a three-month period spanning January 1 and March 31 this year, Nigeria lost a whopping $1 billion in revenue due to crude oil theft.
The theft of crude oil has frustrated the government’s efforts to attract new investment into the oil and gas industry through the implementation of the Petroleum Industry Act.
Three months ago, Oil Resources Minister Timipre Sylva, Chief of Defense Staff Lucky Irabo and Kyari traveled to the Niger Delta for an on-site assessment of the damage caused by vandals.
Shortly after the visit, a military operation followed immediately to smoke the vandals out of the streams.
The theft of crude oil had a negative effect on federal government revenues, which deprived the country of much-needed funds to stimulate economic development.
Apart from loss of revenue, the issue of oil theft is currently not only threatening NNPC’s quest for the country’s energy security, but also having a debilitating effect on Nigeria’s foreign exchange earnings.
Nigeria depends on crude oil revenues for over 90% of its foreign exchange earnings.