NNPC loses 200,000 oil barrels daily to theft as CDS pledges military support

The Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) Malam Mele Kyari has revealed that the corporation is losing 200,000 barrels of crude oil to theft and vandalism on a daily basis.

Daily Focus reports that Mr Kyari revealed this during a visit to the Chief of Defense Staff (CDS) Major-General Lucky Irabor at the Defence Headuarters in Abuja.

The GMD explained that the NNPC needs more protection for its operational assets and personnel by the security agencies.

He disclosed that though petroleum products theft on the System 2B Pipeline has reduced considerably due to support from the security agencies, the nation was still losing about 200,000 barrels of crude oil daily to theft and vandalism.

“We have two sets of losses, one coming from our products and the other coming from crude oil. In terms of crude losses, it is still going on. On the average, we are losing 200,000 barrels of crude every day,” Mallam Kyari stated.

Responding, General Irabor promised to provide military support to protect the nation’s oil and gas assets.

“I am delighted that you made this effort, and I tell you that the Armed Forces of Nigeria will collaborate with you to protect NNPC’s assets”.

General Irabor, who acknowledged the significant role of the oil and gas sector to the economy, said there was need for collaboration between the NNPC and the Armed Forces to protect oil and gas facilities which he described as the critical national assets.

“It is my intention to cooperate maximally with you and to give necessary instructions to all officers in the Armed Forces given that our existence, economically, rests almost solely on the NNPC, and to that extent, we must do everything possible to give you everything that you require,” the CDS stated.

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