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Nigeria loses $1.6bn to crude oil theftannually – Shell

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#1 Sunstar191


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Posted 05 June 2013 - 05:47 AM

Yenagoa—Shell Petroleum
Development Company, has expressed
concern over the activities of crude oil
thieves and illegal refineries operators
in the Niger Delta, saying that the
country was losing $1.6bn annually to oil theft. The company cited its forced shut
down of the Nembe Creek Trunklines,
NCTL, in
Bayelsa State, a facility which
produces about 150,000 barrels of
crude oil per day and its declaration of
force majeure on Bonny Light export.

This, according to the company, was to
enable it remove crude oil theft
connections, investigate suspected oil
theft leaks and effect repairs. Speaking at a workshop organised for
media practitioners in Yenagoa, Shell
Manager, Government/Community
Relations, Evans Krukrubo, said over
90 per cent of its pipelines in the
region had been ruptured by suspected oil thieves.

He noted that the shut down of NCTL
production would impact negatively on
Bayelsa’s share from the Federation
Account. Represented by Funkakpo Fufyin, the
company said the recent upsurge in
illegal refining business in the Niger
Delta should be a major concern to all
stakeholders. He said: “We are not worried by the
money lost by Shell, but the harm and
destruction unleashed on the
environment.” He blamed most of the
spills in the region on crude oil thieves
and illegal refinery operators, when compared to operational failures. He cited Bodo, in Rivers State, Imo
River, NCTL and offshore of the Niger
Delta as areas identified as major
hotspots for oil bunkering and
sabotage. Krukrubo called on security agencies
and state government to assist the
firm in curbing the activities of oil
thieves and illegal refinery operators...

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