Business
Shell Decries Increase In Oil Theft
The Shell Petroleum Development Company (SPDC) has decried what it says is the increasing rate of crude oil theft through illegal refineries in the Niger Delta, noting that the situation has contributed in no small measure to cases of oil spills and breakdown of facilities.
In its operational areas, 98 percent of spills recorded in 2009 were caused by vandalism and attempts by crude oil thieves to steal oil from the wellheads or pipelines while only two percent of the spills were as result of equipment failure. The spills, according to Mutiu Sunmonu, in-country chairman of Shell group of companies and managing director of SPDC lingered before being capped due to the violence in the Niger Delta which made access to the locations of spills difficult.
Although the company was not surprised by the rate of theft, it pledged to continued cooperation with the government, noting that the Rivers State Government has committed itself to sanctioning crude oil thieves.
The Shell boss spoke while presenting the company’s briefing notes in Nigeria, assuring that it would continue to work towards the success of the amnesty programme. “The success of the programme would bring about a lot more opportunities, stability in the Delta, and it would help in generating more revenue for the Federal Government for it to have mor of fiscal regime in the gas sector still remain to be sorted out.
On the recent increase in the price of gas for domestic producers, Sunmonu endorsed government’s decision to increase the price of gas. “It is the right direction, it is great improvement, we can continue to work with the government to realise its dream about harnessing domestic gas. This because there are a lot of opportunities for industries to develop, the power industry would also come on stream. We want the government to unleash the potentials gas can bring,” the Shell chief said.
The company’s production in 2009 stood at 630,000 barrels per day but has significantly increased with the amnesty initiative. “There has been an upward swing in our production level since the amnesty programme started because of stability in the Niger Delta,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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