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Home Natural Resources

Nigeria moves to halt crude oil theft, protect national asset

Oil

The Matters Press by The Matters Press
March 24, 2022
Reading Time: 2 mins read
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Group bemoans level of crude oil theft

The Federal Government says it is determined to stop the devastation occasioned by the activities of illegal refiners, pipeline vandalism and crude oil theft in the country.

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Chief Timipre Sylva, Minister of State Petroleum Resources said this on Wednesday at Bonny Island, Rivers State while addressing officers of the 146 Battalion and other security agencies represented in the fight against oil theft.

Sylva was on an assessment tour on some illegal mining sites at the Niger Delta region creek with Maj. Gen. Lucky Irabor, Chief of Defence Staff and Malam Mele Kyari, Group Managing Director, NNPC among other dignitaries.

Sylva said President Muhammadu Buhari had directed that the illegal activities must stop and had called for an assessment of the devastation occasioned by the activities of the criminals.

Addressing officers of the 146 Battalion, Sylva said “You are here on a mission, I commend you for all the good work you have done our nation depends on this asset to survive , oil and gas is one of the major sustaining asset of the country.

“ Unfortunately, we have had a lot of insecurity around oil facilities and pipelines, this can no.longer be condoned. Mr President has directed that this must stop.

“You are here as gallant officers to protect these facilities, hence forth we will be working closely with you to ensure that there is zero loss to our production.

“You have done so well so far as the Chief of Defence Staff said, there is still ground to cover, so let us all work together and protect these national assets for the good of all,” the minister said.

The minister said the final solution to the problem required three elements which included involvement of the community, the government security and the operating companies.

He said the government was determined to stop it because it could not afford the continuation of the insecurity in the industry adding that the criminals have their days numbered.

“We are here to reclaim this industry for the country because the country has lost so much from the activities of these criminals and government can no longer afford these activities,” the minister said.

Also speaking, Maj. Gen. Lucky Irabor, Chief of Defence Staff, said the assessment became necessary because of the economic loses being witnessed in the oil and gas sector.

Irabor said the economic losses were so huge and currently the economy of the country was bleeding.

“We urge you to revert the trend,” he charged the 146 battalion.
According to the CDS, our drive is to look at the value chain within the oil and gas space and get the actual criminals and those supporting them.

Tags: Oil
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