shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » FG Raises Alarm Over 95.4m Litres Crude Oil Stolen Daily

FG Raises Alarm Over 95.4m Litres Crude Oil Stolen Daily

by Joshua
September 26, 2022
in Oil and Gas

The federal government has raised alarm about the increasing number of litres of crude oil stolen daily in the country.

CRUDE OIL

At an investigative public hearing on “Oil lifting, theft and the impact on petroleum production and oil revenues” chaired by Senator Bassey Akpan; the Executive Commissioner, Corporate Services and Administration of the NUPRC, Mr Jide Adeola, said about 159 litres amounting to 600,000 barrels of crude oil are illegally siphoned per day.

Adeola further revealed that Nigeria produces 1.23million barrels of crude oil per day as against its 1.8million barrels target, leading to a total revenue loss of about $2.1billion or N877billion.

National President of PENGASSAN, Festus Osifo also claimed that oil theft was a collaborative crime between security personnel assigned to protect oil installations and the locals running illegal refineries.

Osifo called on petroleum regulatory agencies and various security outfits to be alive to their responsibilities to curtail the menace.

He said:“One of the greatest problems we have, which nobody has highlighted is that there is strong connivance of our security forces in the crime.

“There is no doubt about this. From our Army to our Naval officers, we have information that they pay their superiors to post them to some areas in the Niger Delta.

“I can authoritatively inform this committee that men of the Nigerian Army and the Navy pay their superiors to be posted to Niger Delta.

Read Also:  NSCDC Arrests 19 Suspected Illegal Crude Refiners In Rivers

“Even when the former Commander of the Amphibious Brigade in Port Harcourt was removed, many of the men in the Command resisted being posted out due to the lucrativeness of their operational areas.

“I think the people who have a solution to this problem are not even the ones sitting here. They are the ones you will invite behind the camera.”

Chairman of the Adhoc Committee, Senator Samoan said: “The quota from the Organisation of Petroleum Exporting Country is about 3.3 million barrels per day but we are producing less than 1.3million per day. How do we meet our fiscal challenges?”

shippingposition

Kindly like us on Facebook/twitter


Tags: Crude Oil

Related Posts

Nigeria’s Daily Crude Oil Production Drops To 937,766 bpd In September

Nigeria’s Crude Oil Export Revenue Drops by 17% to $6.68 Billion in First Two Months of 2025

June 1, 2025
President Tinubu Signs 6 IMO Instruments Of Accession

FG Rallies Stakeholders to Accelerate Nigeria’s Gas Revolution, Signs Agreement with Ten Equity Partners

June 1, 2025
The Return of Standards Organisation of Nigeria to the ports

SON Raises Concern Over Influx Of Adulterated Lubricants, Engine Oil

June 1, 2025
Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

June 1, 2025

Latest News

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

July 14, 2025

At Last, Lekki-Epe Corridor Stakeholders Agree On August 1st Enforcement Date For E-Call-Up 

Nigeria Losing Billions To Boat Importation As Indigenous Operators Urge Local Shipbuilding Drive

Court Ruling Against CRFFN’s Regulatory Powers Tears Customs Brokers Apart   

Oyetola Reaffirms Commitment to Logistics Reform, Commissions Zenith Carex HQ

Let the Council for the Regulation of Freight Forwarding in Nigeria Breathe

MONDAY INTERVIEW: “70% of the crew of Ocean Dragon are Nigerians”— Mrs Bernadine Eloka 

KNOW YOUR BODY PARTS: Body Mass Index (BMI)

Less Salt, Longer Lives: Nigeria’s Push For A Healthier Future

The Usefulness Of Watermelon Seeds You May Not Know

NPA Bags NASS PAC Transparency Award

Nigeria Customs Says Claim Of Form ‘M’ Migration Charges False

kindly like our Facebook page

Health

The Usefulness Of Watermelon Seeds You May Not Know
Health

The Usefulness Of Watermelon Seeds You May Not Know

July 14, 2025

Watermelon is one fruit that’s hard to resist when it gets too hot. It’s sweet and is high in water...

KNOW YOUR BODY PARTS: THE HEART

KNOW YOUR BODY PARTS: THE HEART

June 30, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

June 30, 2025
Contraceptive Pills Can’t Cause Cervical Cancer – Expert

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025
ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition