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Troops Foil Agip Pipeline Bombing

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Though the major militant
group who has been ravaging Niger Delta, the Niger Delta Avengers, has sustained its seemingly mysterious attacks on oil facilities in the oil-rich region, its latest attempt to blow up a pipeline belonging to the Nigerian Agip Oil Company (NAOC) located in Okpoama Community, Bayelsa State has been thwarted by troops of the military joint force.
Disclosing this on Friday, through a statement, the Co-ordinator, Joint Media Campaign Centre, Operation Pulo Shield, Col. Ado Isa, said the vandals had laid dynamites beneath pipelines in the area, ready for detonation, but that unfortunately to them, vigilant troops of the joint force discovered the land mine in the swamp and swiftly detonated them, thereby foiling what could have resulted in another major pipeline destruction.
According to the statement, two dynamite detonators, cable wire and battery were also discovered from the scene.
Isa said, the maritime squad of the Joint Force and the Nigerian Navy Ship (NNS Delta) on June 14 also arrested three suspected masterminds of several pipeline bombings across the Niger Delta.
He revealed that one of the three suspects whose name in John Oboka, also known as Jamaica, confessed to being in the group that bombed the Nigerian Petroleum Developing Company (NPDC) crude oil pipeline at Escravos, in Warri South-West Local Government Area of Delta State.
The Joint Media Co-ordinator noted that many bombing equipment were recovered from the bombers, adding that the force was determined to rid the activities of the hoodlums in the region.
Assuring the natives of safety, he said the Joint Force would continue to clamp down on fleeing criminals, including vandals, adding that the troop would intensify efforts to dismantle all camps belonging to the militants in the region and advised those behind bombing of oil installations in the region to have a rethink.
He said, they should rather toe the line of peace by adopting legitimate means in their grievances and agitation instead of taking the law into their hands.
Commenting on other exploits of the troops, Isa explained that it also recently in Ogbia Local Government Area of Bayelsa State, conducted anti-illegal oil bunkering patrol and cordon and search operation along Ebelebiri and Agba communities.
He said, six suspected pipeline vandals were arrested with eight Cotonou boats loaded with illegally acquired crude oil.
Isa stated that both the site and the recovered items were destroyed while the suspects were handed over to the civil defence for prosecution.
On same day, he said, the troops in furtherance of its raid on pipeline vandal’s camps, carried out cordon-and-search operation in the Oporoma Community of Delta State.
“One pistol, 195 rounds of 7.62mm special ammunition, 14 handheld radio sets, diving equipment, 30 detonating codes, computer, several cell phones, SIM cards amongst others were recovered from the ten suspect pipeline vandals arrested”, he said.

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Oil & Energy

AEDC Confirms Workforce Shake-up …..Says It’ll Ensure Better Service Delivery

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The Abuja Electricity Distribution Company(AEDC) has announced a major restructuring exercise as part of efforts to reposition the utility firm for improved service delivery, operational excellence, and stronger customer focus.
In a statement issued by the AEDC management late last Thursday, the company said the move aligned with its ongoing corporate transformation strategy designed to make AEDC more agile, innovative, and customer-centric.

As part of the restructuring, the company said it had promoted high-performing employees, released retiring staff, and disengaged others whose performance fell below expected standards.

It added that it has also begun implementing a comprehensive employee development and customer management plan to strengthen its service delivery framework.

“In line with its corporate transformation strategy, Abuja Electricity Distribution Company has announced a restructuring exercise aimed at delivering improved services to its customers as well as enhanced operational efficiency and excellence.

“The restructuring is in line with our strategic direction to become a more responsive and efficient organisation, capable of delivering world-class service to our customers.

“As part of the transformation, the Company has promoted high-performing staff, released retiring employees and those performing below par, and has put in motion the implementation of a robust employee development and customer management plan aimed at driving AEDC’s customer-centric focus,” the company said.

AEDC noted that the reforms are part of its broader commitment to provide reliable, safe, and sustainable electricity to customers across its franchise areas, including the Federal Capital Territory and the states of Niger, Kogi, and Nasarawa.

The firm further pledged to continue investing in infrastructure upgrades, digital technologies, and operational innovations to improve service reliability and customer satisfaction.

“With a strong commitment to delighting its customers, AEDC continues to contribute to the growth and development of Nigeria’s energy sector through investments in infrastructure, innovative technologies, and sustainable practices.

“AEDC consistently seeks to improve the quality of life for its customers, promote efficient energy usage, and actively engage with its communities,” the statement added.

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Economic Prosperity: OPEC Sues For Increase In Local Crude Oil Refining 

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The Chairman of the Organisation of the Petroleum Exporting Countries (OPEC) Board of Governors, Ademola Adeyemi-Bero, has advised local oil refiners in Nigeria to increase in-country refining of crude, noting that value creation for crude oil will support economic growth and development.
Adeyemi- Bero who gave the urge at the Nigerian Association of Petroleum Explorationists Pre-Conference Workshop in Lagos, insisted the country must move away from decades of crude exports and focus on retaining value within the local economy.
He said, “We’ve been an oil and gas exporting country. We produced oil; once there was oil, we put it in a tank and sent it abroad. 40 or 50 years later, people blame Shell and others, but I don’t. They are businesses looking for feedstock for their industrialisation. If you give it to them, they’ll still take it.”
Adeyemi-Bero, who is also the Chief Executive Officer of First Exploration & Petroleum Development Company, said Nigeria had a responsibility to develop its energy resources locally and use them to drive industrial growth, rather than depend on foreign markets, adding that President Bola Tinubu would have returned fuel subsidies if the Dangote refinery had not been there to produce fuel locally.
”Just look at the impact the Dangote refinery has had on foreign exchange and gross domestic product growth. You can imagine what would have happened if that had occurred 50 years ago. If the president had said, ‘I’m cancelling subsidies, and I’m not going to allow multiple exchange rates.’ We didn’t have the option of having petroleum products in this country; I’m sure he would have changed his policies and gone back to subsidies. It’s as simple as that. Let’s not over-aggregate.
He continued, “If you go to Saudi Arabia today, if you go to the UAE, if you go to Qatar, if you go to Malaysia, if you go to Brazil, they are expanding the value chain and keeping it in their space. Now, one man built a refinery; we fought him, we argued with him. But the impact of that Dangote refinery on our GDP and foreign exchange is big.”
According to him, local refining and crude utilisation would also help stabilise the naira and strengthen the nation’s economy.
“If we can sell some oil in naira, let’s do it if it works for both parties. The strength of the naira is what it commands in trade. This is why nobody wants the naira outside this space, but the day you can pay for oil in naira because both parties agree, it strengthens the naira,” he said.
Adeyemi-Bero stressed that Nigeria must deliberately reduce its dependence on exports and focus on value creation to avoid future economic decline.
“We need to decline exports. All of us like to sell, but the person who will buy from us will be willing to buy at the right price. ‘I’m investing in dollars, so don’t come and buy in naira. If I invest in dollars, then pay me in dollars.’ But we could make that happen,” he stated.
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Senate Seeks Mandate To Track, Trace, Recover Stolen Crude Oil Proceeds

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The Senate Ad-hoc Committee on Oil Theft and Sabotage, has sought for an expanded mandate to track, trace, and recover stolen crude oil proceeds both locally and internationally.
Chairman of the committee, Ned Nwoko, made the call while speaking with newsmen, on the progress made so far by the committee, in Abuja, last Thursday.

Nwoko who is also the Senator representing Delta North Senatorial District, said that forensic reviews show over S22b, S81b and S200b remained unaccounted for across different audit periods.

“This is a national call to action. Nigeria cannot afford to continue losing trillions to corruption, inefficiency, and criminal networks.

“I remain committed, alongside my colleagues, to ensuring accountability, recovery, and reform within the oil and gas sector.

Nwoko stated that the Committee had earlier presented its interim report before the senate saying “Our investigation has so far uncovered massive revenue losses amounting to over $300 billion in unaccounted crude oil proceeds over the years.

“This represents one of the most troubling cases of economic sabotage our nation has ever faced.

“We have made far-reaching recommendations to end this long-standing menace.

“There is need for strict enforcement of international crude oil measurement standards at all production and export points.

He urged the federal government to mandate the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy modern, tamper-proof measuring technology or return this function to the Department of Weights and Measures under the Ministry of Industry, Trade, and Investment.

The senator called for the deployment of advanced surveillance systems, including drones, to assist security agencies in combating oil theft.

He also called for the creation of a Special Court for Crude Oil Theft to ensure swift prosecution of offenders and their collaborators, saying it would also go a long way in tackling the challenge.

“We must also ensure the full implementation of the Host Communities Development Trust Fund under the Petroleum Industry Act (PIA) to empower local communities and reduce sabotage.

“Ceding abandoned oil wells to the NUPRC for allocation to modular refineries to support local production and job creation is also very vital in fighting the menace of oil theft and sabotage,” Nwoko further said.

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