Rivers
Oil Theft Stalls Bonny Terminal From Functioning
Pipelines, particularly those around the Bonny Terminal cannot function due to the activities of criminals.
The Group General Manager, National Petroleum Investment Management Services (NAPMS) of the Nigerian National Petroleum Company Limited (NNPCL), Bala Wunti, stated this during a tour of the facilities of the NNPCL.
In a statement, Wunti described as high the number of barrels stolen per day, stating that the supposed 270 barrels per day to be loaded was no longer feasible due to theft.
Wunti stated further that oil theft had caused the Nigerian nation to lose 470,000 barrels per day (bpd) of crude oil amounting to $7million monthly.
While lamenting the negative impact of pipeline vandalisation of crude oil production, gas supply, refineries operations among others, Wunti insisted that the siphoning of crude oil from the oil facilities affects the revenue of every stakeholder.
He said: “If you’re producing 30,000 barrels a day, every month, you get 1,940 barrels. So, what it means is that you can take it to 270 every four days. Calculate it in a month, you will have seven cargos on a million barrels, that’s seven million barrels.
“When you multiply seven million barrels by $100 that is $700 million lost per month, and about 150,000 barrels expected are differed; we are not producing due to security challenges.”
He noted that “the Shell Petroleum Development Company (SPDC) trunk line, TNP transnational pipeline, cannot be operated and it has been like this since March 3rd that we put in this.
“Just take your calculator; 150,000, it means if you want to arrive at 1 million barrels per day, it means every week, as a minimum, basically for one week alone, it’s four cargos, and four cargos is four million barrels. Four million barrels formula bar or $100 is $400 million.
“So, you can do your calculations by yourself, take whatever price you want, take this to multiply by the number of days that have been shortened since March 3rd.”
According to him, the impact of the activities of vandals causes low crude oil production, interrupted gas supply, countrywide interruption of distribution of petroleum products, refineries’ downtimes, increasing instability in the oil and gas market.
”I will tell you the major thing that affects us. Nigeria will suffer for it; the revenues are impacted, so we can only appeal to them to rein in themselves, the oil theft situation is regrettable.
It’s not going on across the whole of the Niger Delta, there are trunk lines that are more impacted on, I think the Bonny trunk line ranks highest”, he concluded.
By: Lady Godknows Ogbulu
Rivers
UNIPORT Moves To Tackle Insecurity … Inducts Security Experts
The University of Port Harcourt, has taken a significant step towards addressing the issue of insecurity in Nigeria by producing security experts through its Institute of Niger Delta Studies (INDS), with the institute inducting its first graduating students into the Nigerian Institute For Industrial Security (NIIS), with the General Officer Commanding (GOC) of the 6 Division of the Nigerian Army, Major General E E Emekah, delivering a quality lecture on the topic, “Promoting Blue Economy In The Niger Delta: The Place Of Security”.
In his lecture, Major General Emekah emphasised the importance of security in promoting the blue economy in the Niger Delta region.
He noted that the activities of the Joint Tasks Force (JTF) are geared towards maintaining peace on Nigerian waterways and promoting productivity, and also stressed the need for a non-kinetic approach to security operations, winning the hearts and minds of the communities, and collaborating with security personnel to fight insecurity.
The GOC charged the inductees to ensure that their study/training provides practical solutions to the pressing security challenges facing the Niger Delta and Nigeria as a whole.
He emphasised the significance of their studies in UNIPORT, given the prevailing security threat to lives and property, especially on Nigerian waterways.
The Acting Director of INDS, Dr. Chukwu-Okeah, expressed satisfaction that the occasion marks a new milestone in the history of the institute, noting that the Niger Delta has been besieged with environmental and security challenges, and it is time to rise up and build the region through the blue economy ideology.
The blue economy, he explained, emphasises the sustainable use of ocean resources for economic growth, improved livelihoods, and job creation while preserving the health of the ocean ecosystem.
He described the blue economy as the new oil well, with the potential to drive economic diversification, job creation, food security, and climate resilience in the region.
One of the inductees, Ayuba Tanimu noted that security is dynamic, and continuous learning and research have equipped them to serve their communities and Nigeria well.
He described the Nigerian Institute For Industrial Security (NIIS) as a body of security professionals that meets annually to craft security policies for the country.
The programme, which attracted prominent individuals from the academia, security, and other sectors had the 7th Vice Chancellor of the University of Port Harcourt, Prof Joseph Ajienka, as its chairman.
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