Navy to prosecute officials involved in oil theft

The Nigerian Navy yesterday declared total war against oil theft, warning that any naval personnel assisting or participating in the theft would be arrested and prosecuted.


Read more @ Guardian Online

REPORT IMPLORES FG TO CURB OIL THEFT

THE Federal Government has been urged to initiate an international campaign that would treat crude oil stolen from Nigeria as transnational organised crime in order to stem the $6 billion lost yearly due to oil theft.

In addition, the Federal Government has also been advised to without further delay establish special judicial mechanism that would pave way for special court for the prosecution of oil theft cases.

Read more @ The Guardian

OIL LOADING SCHEDULE INDICATES NIGERIA EXPORTS TO HIT 1.91M BPD

There are strong indications that Nigeria’s oil export will improve significantly despite difficult challenges ranging from unbearable oil theft, community unrest and vandalisation of oil facilities.

The export figure is believed to soar to a 14 -month high of 1.91 million barrels per day (bpd) in November.

Read more @ Leadership

NAVY INTENSIFIES WAR AGAINST OIL THEFT

PORT HARCOURT—Nigerian Navy has intensified its crusade against oil theft in the Niger Delta region  with an approach  it termed “choke points” strategy.

Flag Officer Commanding Naval Training Command, Rear Admiral Goddy Ayankpele, yesterday, during a facility tour of the Nigeria Navy Basic Training School, Onne, Rivers State, said they were recording huge success with the new strategy.

Read more @ Vanguard

CRUDE OIL THEFT THREATENS GLOBAL PEACE - UDUAGHAN

THE persistence of crude oil theft in the Niger Delta region where over 400,000 barrels per day are stolen may threaten world peace and democracy if concerted action is not taken to curb it, Governor of Delta State, Dr. Emmanuel Eweta Uduaghan, has said.


Speaking at an African Business Roundtable-organized workshop on combating emerging threats held on the sidelines of the ongoing United Nations General Assembly in New York, Uduaghan explained that with 90 per cent of the stolen oil exported, the cash return is enough to empower individuals and organizations engaged in the theft to destabilise democracies in the West African sub-region.

Read more @ The Guardian

OIL THEFT: IOCs KEEP MUM AS STAKEHOLDERS TRADE BLAME

Shell and Chevron, two leading international oil companies(IOCs) active in Nigeria have maintained stoic silence over the declaration on Wednesday by the chief of naval staff, Vice-Admiral Usman Jibrin that oil companies are culpable in oil theft, a LEADERSHIP survey of stakeholder reactions has revealed. 

While Chevron’s general managerin charge of public affairs , Sola Adebonwo, did not respond to telephone enquiries, his colleague, Ibe Ojo, refused to comment insisting that only his boss could talk to the press on the matter. Similarly, Shell spokesman, declined to comment on the issue. However, Nigeria’s representative on the global board of the Extractive Industries Transparency Initiative (EITI), Faith Nwadishi, said the IOCs cannot be exonerated from alleged culpability in oil theft.

Read more @ Leadership

NAVY ACCUSES IOCs OF AIDING OIL THEFT

The Chief of Naval Staff (CNS), Vice Admiral Usman Jibrin, has accused International Oil Companies (IOCs) of aiding and abetting all forms of criminality in the nation's maritime sector, especially crude oil theft, illegal bunkering and piracy.

Jibrin stated this yesterday in Abuja during a meeting with chief executives of the IOCs at the naval headquarters' conference room to discuss issues on crude oil theft, pipeline vandalism and other related crimes in the nation's maritime sector.

Read more @ Thisday Live

NIGERIA LOSES N38.8B TO OIL THEFT, PIPELINE SABOTAGE

THE menace of pipeline vandalism and oil theft may have cost the nation about $243 million (N38.8 billion) in 2013, according to the Nigerian National Petroluem Corporation (NNPC).

The Group Managing Director, NNPC, Joseph Dawah, who made this known at an industry event in Abuja recently, said Nigeria lost  $243 million worth of oil products last year from sabotage to the country’s pipeline network

Read more @ The Guardian

NNPC RECORDS 3,571 PIPELINE BREAKS IN 2013

The Nigerian National Petroleum Corporation (NNPC) recorded 3,571 pipeline breaks in 2013 due to the activities of vandals and oil theft in the country, Group Managing Director of the corporation, Dr Joseph Dawha, said on Thursday.

Speaking on at the National Association of Energy Correspondents’ 2014 Conference in Lagos, Dawha who was represented by Francis Amego, the Executive Director, Commercial, Pipelines and Products Marketing Company Ltd (PPMC), a subsidiary of NNPC, said that the activity of vandals was first recorded in 1999 with 497 pipeline breaks.  He added that it increased to 3,571 in 2013.

Read more @ Businessday