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Theft from one Nigerian pipeline tallies US$250 million

Published by
World Pipelines,


Thieves have stolen nearly US$250 million (£165 million) of oil from a single pipeline this year, according to Nigeria's state oil company, the Nigerian National Petroleum Corporation (NNPC).

The company has announced that half a billion litres have been taken from the pipeline that runs north-east from Lagos to the city of Ilorin.

An NNPC subsidiary told a Senate committee that "incessant hacking" of the System 2B pipeline had "made the task of providing seamless flow of petroleum products to retail outlets more burdensome".

As motorists in Nigeria complain of shortages and queue at petrol stations, the Nigerian government has repeatedly blamed pipeline vandalism and theft in the oil sector for hitting revenues as well as supplies to consumers.

Edited from various sources by Elizabeth Corner

Sources: BBCYahoo

Read the article online at: https://www.worldpipelines.com/equipment-and-safety/30112015/theft-from-one-nigerian-pipeline-tallies-us250-million/

 

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