Home Business NNPC: Pipeline Security Gains Restore Confidence in Crude Exports
Business

NNPC: Pipeline Security Gains Restore Confidence in Crude Exports

Share
Share

The Nigerian National Petroleum Company (NNPC) Limited says years of crippling pipeline theft are nearing an end, following a coordinated campaign by defence and intelligence agencies.

Group Chief Executive Officer of NNPC, Bayo Ojulari, speaking at a regional security forum in Abuja on Monday, announced that crude pipeline receipts have almost fully recovered after years of massive sabotage and losses.

“Today, I can proudly report that our pipeline and terminal receipts are attaining close to 100%,” Ojulari declared. “This was achieved through improved security collaboration, particularly in the Niger Delta, where most of the country’s oil infrastructure is located.”

Just three years ago, as little as 30% of crude transported through some pipelines reached Nigeria’s export terminals. The losses, running into billions of naira, eroded government revenues and drove away international investors.

Ojulari revealed that the theft was not only perpetrated by local actors but also involved “sophisticated international syndicates” who exploited regional security gaps. He credited the progress to joint efforts by the military, intelligence services, and private contractors.

The renewed security push has coincided with rising oil production. At an industry conference last week, regulators projected Nigeria’s output could surpass 2.5 million barrels per day in 2026 — a level last recorded in 2005 before militancy in the Niger Delta cut production to as low as 1 million bpd by 2016.

Since 2021, NNPC has partnered with private security firms and government agencies to safeguard vital infrastructure. Ojulari assured that the company will continue strengthening this cooperation to ensure uninterrupted operations and deliver on the government’s production targets.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Business

Nigeria Customs Service to Sell Seized 14,375 Litres of Smuggled Fuel in Cross River

The Nigeria Customs Service (NCS) is set to auction 14,375 litres of...

Business

FAAN Unveils 70,000 Digital Payment Cards to Strengthen Cashless Systems at Airports

The Federal Airports Authority of Nigeria (FAAN) has announced the issuance of...

Business

Nigeria Airports Fully Adopt Digital Payment System with Four Options

The Federal Airports Authority of Nigeria (FAAN) rolled out an expanded cashless...

Business

FG Cracks Down on Mini Alcohol Packs to Curb Underage Drinking

The Federal Government has launched a new effort to ban the production,...