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Home Energy

NNPC Deactivates 6,409 Illegal Refineries in Niger Delta

Business 360 by Business 360
March 13, 2024
in Energy
0
NNPC cuts loss by 99.7% – Report

The Nigerian National Petroleum Company Limited (NNPC Ltd) has successfully deactivated a total of 6,409 illegal refineries in the Niger Delta region. The revelation came from the Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, during an interactive session with the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, at the NNPC Towers in Abuja.

In his address, Kyari highlighted NNPC Ltd’s efforts to combat corruption, stem crude oil theft, and address pipeline vandalism within the industry. He emphasized the severity of crude oil theft, describing it as the most significant economic crime in Nigeria, warranting the attention of the EFCC.

Kyari disclosed, “Today, we have disconnected up to 4,846 illegal pipes connected to our pipelines, out of 5,543 such illegal connection points. That means there are a vast number of such connections that we have not removed.”

He further emphasized the need for collaboration with the EFCC to address the challenge of crude oil theft, emphasizing its detrimental impact on the economy and the oil sector. Kyari stressed the importance of deterrence measures to curb such illicit activities effectively.

The deactivation of over 6,000 illegal refineries signifies a significant step towards enhancing transparency and integrity within the oil and gas sector. It also demonstrates NNPC Ltd’s commitment to eradicating illegal activities that undermine the industry’s operations and revenue generation. The interactive session between NNPC Ltd and the EFCC underscores the importance of inter-agency collaboration in addressing economic crimes and promoting accountability within the oil and gas sector. The concerted efforts of both organizations are vital for safeguarding Nigeria’s natural resources and ensuring sustainable development in the country.

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