Pipe­line van­dal­ism costs Nige­ria 700,000 bar­rels of oil per day – NNPC

Daily Trust - - BUSINESS - By Daniel Adugbo

The Group Man­ag­ing Di­rec­tor of the Nige­rian Na­tional Pe­tro­leum Cor­po­ra­tion (NNPC), Dr. Maikanti Baru, has said that an av­er­age of 700,000 bar­rels per day (bpd) of crude oil was de­ferred in 2016 due to pipe­line sab­o­tage.

Baru said that this sab­o­tage brought Nige­ria’s pro­duc­tion down to as low as 1.3 mil­lion bar­rels per day from 2.2 mil­lion bar­rels tar­geted for the pe­riod.

The NNPC GMD ac­cord­ing to a state­ment from the cor­po­ra­tion stated this in a key­note ad­dress at the maiden edi­tion of the Nige­rian In­ter­na­tional Pipe­line Tech­nol­ogy and Se­cu­rity Con­fer­ence (NIPITECS 2017) in Abuja on Wed­nes­day.

He said that NNPC had recorded 27 breach­ing in­ci­dents on the Trans Niger Pipe­line (TNP), adding that for the Trans For­ca­dos Pipe­line (TFP) with a ca­pac­ity of 300,000bpd, 17 breaches were recorded in 2016.

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