NNPC Reported 77 Percent Increase In Pipeline Vandalism

Must Read

MTN Nigeria Appoints Karl Toriola as CEO

MTN Nigeria is pleased to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders of...

Free 250,000 FG/CAC Business Names Registration for MSMES

Business formalisation Support of the Micro, Small & Medium Enterprises (MSMEs) Survival Fund As part of Federal Government’s post-Covid-19 Pandemic...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

The Nigerian National Petroleum Corporation (NNPC) recently revealed that it reported a 77 per cent increase in cases of oil pipeline destruction on its network of pipeline infrastructure across the country in June 2019.

It stated in a report from its Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, that records of the upsurge were contained in it is Monthly Financial and Operations Report (MFOR) for the month of June.

According to it, the number of points breached on its pipeline in June was 106, representing an increase from the 60 points vandalised in May 2019.

NNPC further explained that the Aba-Enugu axis in the system 2E pipeline corridor accounted for 25 per cent of the total pulverised points, while the Lagos Atlas Cove-Mosimi axis of the system 2B had 23 per cent of the compromised pipeline points.

- Advertisement -

It added that the Ibadan-Ilorin leg of the System 2B pipeline accounted for 18 per cent of affected lines, followed by the Port Harcourt-Aba section of the system 2E which was responsible for 13 per cent of the affected pipeline.

The NNPC stated that other areas accounted for the remaining 21 per cent of the cumulative pipeline breaks.

The corporation noted that the monthly report was part of its strategies to open its operations, activities and finances to the public, stating that in spite of the breaches of its critical pipeline network during the period, it ensured continuous fuel supply and effective distribution across the country.

Read Also:  Coca-Cola eyes cannabis-infused drinks market in Canada

“During the month under review, 1.76 billion litres of Premium Motor Spirit (petrol), translating to 58.65 million litres/day were supplied and effectively distributed,” said the corporation in the statement.

- Advertisement -

It noted that to sustain the supply and distribution of adequate products in the downstream sector, it had continued to monitor the daily stock of petrol across Nigeria.

In the gas sub-sector, the statement said the June report stated that 223.98 billion cubic feet (bcf) of natural gas was produced in the month under review, translating to an average daily production of 7,466.09 million standard cubic feet per day (mmscfd).

“The figure posted a slight increase of 0.11 per cent compared with the previous month’s gas production. For the period June 2018 to June 2019, a total of 3,063.89bcf of gas was produced representing an average daily production of 7,873.58mmscfd during the period,” it stated.

It added that period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contribution to the total national gas production was about 68.93 per cent, 21.34 per cent and 9.74 per cent respectively.

- Advertisement -
NNPC Reported 77 Percent Increase In Pipeline Vandalism - Brand SpurNNPC Reported 77 Percent Increase In Pipeline Vandalism - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NNPC Reported 77 Percent Increase In Pipeline Vandalism - Brand SpurNNPC Reported 77 Percent Increase In Pipeline Vandalism - Brand Spur

Latest News

IITA BIP and partners host virtual Vegetable Field Day for farmers

Vegetables are one of the most consumed foods worldwide because of their high nutritional value. Although the vegetable business...

Researchers reveal a more sustainable approach to address postharvest fish losses

Small-scale inland capture fisheries contribute significantly toward enhancing the food, nutrition, and economic security of millions of people in low-income countries. Over time, several...

Harnessing insect biodiversity for sustainable plant health in tropical Africa

Fall armyworm (FAW), a ravaging pest of the maize plant, is spreading globally. Every year, Africa, Asia, and the Near East lose 80 million...

Agriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria

On 29 September, the National Action Committee on the African Continental Free Trade Area (AfCFTA) held a virtual workshop on Agriculture and Agribusiness. The...

Global consumer sentiment still reviving slowly

At 42.2, the Global Consumer Confidence Index is up slightly over last month (41.8). September is the fourth consecutive month showing gains-in consumer sentiment...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NNPC Reported 77 Percent Increase In Pipeline Vandalism - Brand SpurNNPC Reported 77 Percent Increase In Pipeline Vandalism - Brand Spur