3,700 Cases of  Pipeline Vandalism in Nigeria

3,700 Cases of Pipeline Vandalism in Nigeria

Nigeria's state-run oil company said Tuesday it had recorded 3,700 cases of pipeline vandalism last year, leading to a revenue loss of $299 million.
The sabotage of pipelines is a major problem in Africa's leading crude producer, resulting in massive oil theft, or so-called "bunkering" that costs the country billions in lost revenue.
The Nigerian National Petroleum Corporation said in its latest annual statistical bulletin that incidents of pipeline vandalism rose by 4.54% in 2014, compared to the situation in the preceding year, AFP reported.
"A total of 3,732 line breaks was reported on NNPC pipelines, out of which 3,700 were as a result of vandalism, while 32 cases were due to system deterioration," it said.
The NNPC added that the resulting loss of both crude oil and refined petroleum products that go through the pipelines had cost nearly $299 million.
The state-run group said total oil production for 2014 stood at 798.5 million barrels, a marginal drop of 0.24% from 2013.
Stolen crude and illegally refined oil products are regularly smuggled out and sold on the lucrative black market—an illicit business that is estimated to cost the country some much-needed $6 billion a year in revenue.
Major oil operators, including Anglo-Dutch oil giant Shell, have blamed repeated oil thefts and sabotage of key pipelines as the major cause of spills and pollution in the southern oil-producing region.


Short URL : http://goo.gl/cFjH6P

You can also read ...

China Shifts to Iranian Tankers to Keep Oil Flowing
Chinese buyers of Iranian oil are starting to shift their...
Replacement of France's Total Underway
Oil Minister Bijan Namdar Zanganeh said on Monday France’s...
Greek Island to Run on Wind and Solar Power
When the blades of its 800-kilowatt wind turbine start turning...
Large Oil Vessel Anchors in Chabahar
A large crude carrier with a capacity of 50 million liters of...
Vopak: More Volatility Expected in Oil Prices
A shipping revolution and a US plan to impose targeted crude...
Advantages, Challenges of Renewables Outlined
Saving water, creating sustainable jobs, curbing air pollution...
Plans to Expand Gas Pipelines by 1,000 Km 
Iranian Gas Engineering and Development Company plans to lay...
SP Oil Layer Loads 19th Cargo
The 19th batch of crude oil from South Pars Oil Layer in the...