NNPC moves to curb oil theft

NNPC GMD, Mele Kolo Kyari

NNPC GMD, Mele Kolo Kyari

 

The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas industry.

The Group Managing. Director, Mele Kyari disclosed this at the inaugural Nigeria Extractive Industries Transparency Initiative (NEITI) Policy Dialogue in Abuja on Tuesday.

He said that oil theft had remained a challenge in the industry in spite of some strong interventions in the past.

The NNPC boss noted that the gradual reduction in pipelines vandalism would be sustained through improved collaboration, implementation of Global Memoranda of Understanding (GMoUs), and deployment of appropriate technologies.

Kyari, represented by the NNPC Chief Operating Officer, Upstream, Roland Ewubare listed other measures to curb the menace to include a security architecture with single accountability for national critical infrastructure.

He listed others as industry and regulatory commitment to transparent crude oil and products accounting, realistic expectation by host communities, and emplacement of sustainable social investment mechanism.

Kyari emphasised the need to inculcate shared values of integrity and transparency across every level of the governance structure for pipeline security, policy refill and enforcement of legal actions on economic saboteurs.

He harped on the need to priortise and instill in the nation’s teeming youth a sense of patriotism and national orientation.

 

 

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