Sunday, January 29, 2023
  • Home
  • Advert Rate
Popular News9ja
  • Home
  • News
  • Politics
  • Metro
  • Business
  • Entertainment
  • Sports
  • Interview
No Result
View All Result
Popular News9ja
  • Home
  • News
  • Politics
  • Metro
  • Business
  • Entertainment
  • Sports
  • Interview
No Result
View All Result
Popular News9ja
No Result
View All Result
Everything on JUMIA

How Tompolo’s pipelines surveillance contract is saving Nigeria from colossal losses

by Popular News
December 16, 2022
0
123
SHARES
1k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp
ADVERTISEMENT

The audacious step undertaken by the Nigerian National Petroleum Company Limited (NNPCL) to launch an attack against the menace of oil theft and other related activities which had ravaged oil production capacity in the nation is swiftly producing great results as oil production has risen to 1.59 million barrels(bpd) in the First week of December from less than a million earlier in the year.

ReadAlso

No Content Available

Through the provisions of the Petroleum Industry Act (PIA) 2021, NNPC Ltd transited from the defunct Nigerian National Petroleum Corporation to the new NNPC Limited and ready for increased profitability on behalf of the over 200 million Nigerians. However, this single quest has been hampered by massive oil theft, prompting the company to take a historic action.

ADVERTISEMENT

Mele Kyari said, illegal activities around oil assets including illegal refineries, insertion on oil pipelines, among others have caused a huge shortfall in oil production with the situation getting worse this year. Before engaging private Security services, Nigeria was estimated to be losing over 200,000 barrels per day (bpd) of crude oil; cutting production capacity to just 1.1 million barrels per day (bpd) from a 1.8m bpd quota assigned to Nigeria by OPEC.

The engagement of Tantita Security Services Nigeria Ltd managed by foremost freedom fighter, Government Oweizide Ekpemupolo (aka Tompolo), on August 13 put an abrupt end to their sleepless nights.

ADVERTISEMENT

The firm, which has it’s headquaters in the Niger Delta, worked with security operatives to comb the areas and to the surprise of Nigerians, massive discoveries of illegal activities were made.

It was revealed that over 68 vessels involved in crude oil theft have been arrested, while 638 illegal refineries out of 763 have been destroyed, as well as several arrests made.

As the NNPC Ltd’s feat got credence from Nigerians, the perpetrators devised means to frustrate the scheme. The GCEO of NNPC had in November revealed alleged threat to his life over his role in curtailing the theft of oil running into trillions of naira in the country.

Speaking during a function in Abuja, Kyari said such threat would not dissuade him from embarking on the task of repositioning the oil and gas sector in the country as he justified the decision to engage the oil pipeline surveillance team to curtail the massive theft of oil in the country.

On the implications of oil theft to the Nigerian economy, Kyari said: “From our records, before we recovered, we were losing 700,000bpd, translating to 21 million barrels per month, and if you consider an average price of this year at $90/barrel, that will translate to somewhere around $1.8bn or $1.9bn losses that we suffered.”

The GECO of NNPC reiterated the commitment of NNPC Ltd towards the guarantee of energy security, adding that as things stand, it is left with no option than to sustain the subsidy regime to make fuel affordable to Nigerians.


Tags: #oil and gas
Previous Post

I will share rice in Edo North

Next Post

Imansuangbon takes Atiku campaign to Edo villages, share free rice for Christmas

Related Posts

Obaseki’s aide warns major marketers to desist from inflating cost of fuel in Edo
Oil and Gas

Obaseki’s aide warns major marketers to desist from inflating cost of fuel in Edo

January 27, 2023
1k
Militant group wants Niger Delta states’ governors to account for billions of allocations from FG
Featured

Planned rehabilitation of Port Harcourt Refinery: Niger Delta groups commend Sylva and Buhari

March 30, 2021
1k
Sharp practices: Department of Petroleum Resources seal offending petrol filling stations in Benin
Featured

Sharp practices: Department of Petroleum Resources seal offending petrol filling stations in Benin

March 17, 2021
1.1k
Ngozi Okonjo-Iweala is our pride
Featured

Call for more involvement of women in oil and gas sector

March 6, 2021
1k
Group defend Sylva, Wabote of corruption charges
Featured

Group defend Sylva, Wabote of corruption charges

February 23, 2021
1.1k
Ororo-1 Well Fire Continues Eight Months After- HOMEF Alerts
Featured

Ororo-1 Well Fire Continues Eight Months After- HOMEF Alerts

January 24, 2021
1k
Next Post
Imansuangbon takes Atiku campaign to Edo villages, share free rice for Christmas

Imansuangbon takes Atiku campaign to Edo villages, share free rice for Christmas

Discussion about this post

ADVERTISEMENT

Highlights

Interpol steps into petition against Canada based Nigerian lady

ADVERTISEMENT

My success story by Hilarious

Just In: Edo State Govt. doles out over N1 billion to pensioners

Obaseki gives Ministry of Housing, Urban Planning six months deadline to restore sanity in built environment sector

How Edo spent over $150m on flood control, erosion mgt – Obaseki

Obaseki’s aide warns major marketers to desist from inflating cost of fuel in Edo

PUWOV apprehends another traffic violator

Prince Ogievie 1 gets recognition award

Edo Govt launches N300m grant facility to boost TVET devt

APC leader ends door-to-door campaign, urges electorates to vote APC candidates

ADVERTISEMENT

Trending

It is a pity Okowa cannot put anything in order, former IYC President laments
Crime

It is a pity Okowa cannot put anything in order, former IYC President laments

January 24, 2023
1.2k

A former Ijaw Youth Council(IYC) President and former Commissioner in Delta State, Dr. Chris Ekiyor, has charged security operatives to...

General Elections: Peter Obi will win but… – Prophet

General Elections: Peter Obi will win but… – Prophet

January 25, 2023
1.2k
Edo train station attack: We’re leveraging information sharing channels to track activities of abductors – Edo State Government

Just In: 8 suspects appeared in court over Igueben train station kidnap saga

January 22, 2023
1.3k
General Elections: APC takes over Delta State as Ibori’s men defect from PDP

General Elections: APC takes over Delta State as Ibori’s men defect from PDP

January 24, 2023
1.1k
Police recover N1.2m, sophisticated arms, ammunition, others from 134 suspects in Edo

Police recover N1.2m, sophisticated arms, ammunition, others from 134 suspects in Edo

January 25, 2023
1.1k
The day God manifested a miracle through me, Pastor cum Nollywood star

The day God manifested a miracle through me, Pastor cum Nollywood star

January 27, 2023
1.1k
ADVERTISEMENT
ADVERTISEMENT
Everything on JUMIA
ADVERTISEMENT
ADVERTISEMENT
Facebook Twitter Instagram

About Us

Logo

News gathering and dissemination is a business that is worth the while. We have put in some 40 years of experience in the business to equip us for the task at hand. We promise to let these years of experience to bear in the discharge of our duties and as well meet your expectations in this one stop news portal. Our main focus, of course, will be Nigeria.

CONNECT WITH US

SECTIONS

  • Agriculture and Natural Resources
  • Breaking News
  • Business
  • Celebration
  • Crime
  • Culture and Tradition
  • Education
  • Entertainment
  • Environment
  • Exclusive
  • Featured
  • Gender Issues
  • Governance
  • Grassroots
  • Health
  • Hospitality
  • Infrastructure
  • Interview
  • Judiciary
  • Lifestyle
  • Metro
  • Migration
  • News
  • Newspapers
  • Oil and Gas
  • Parliament
  • People's Parliament
  • Photospeak
  • Point of View
  • Politics
  • Press Statement
  • Pussyfoot
  • Religion
  • Right of Reply
  • Security
  • Sponsored
  • Sports
  • Technology
  • Tete-a-Tete
  • Tourism
  • Travels
  • Tribute

NEWS SOURCES

  • Bightnews
  • TrackNews
  • National Daily
  • Point News Nigeria
  • Socialist Workers
  • Nigerian Tribune
  • The Nation
  • Thisday
  • The Sun
  • Daily Independent
  • Nigerian's news
  • PM News
  • Vanguard
  • Premium Times
  • Punch
  • Sahara Reporters
  • The Guardian
  • Bayelsa Online News
  • Leadership Newspaper
  • Daily Times Of Nigeria
  • © 2021 Popular News9ja - Web Designed by AfeesHost.

    • Home
    • News
    • Politics
    • Metro
    • Business
    • Entertainment
    • Sports
    • Interview

    © 2021 Popular News9ja - Web Designed by AfeesHost.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.