Nigeria: We’ll End Oil Theft-Timipre Sylva

Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has assured the citizenry that the Federal Government is determined to end illegal oil bunkering in the country.

“We are actually determined to stop it because we know that we cannot afford the continuation of this insecurity in the oil industry,” Timipre Sylva said during an on-the-spot assessment of some pipelines impacted by activities of oil bunkers in Emeoha local government, Rivers State, on Wednesday.

“I want to just let everybody know that these criminals have their days numbered. 

“We are here to ensure that this problem is finally resolved to reclaim this industry for the country because this country has lost so much from the activities of these criminals, and the government and the country can no longer afford these activities and that is why we are here,” he stated as reported by thecable.ng.

According to him, insecurity was a major issue bedevilling the sector, and proactive steps were taken to tackle the issue. 

“The single biggest problem in our industry today is the problem of security,” he said.

“This has come to the attention of everyone including Mr. President has directed myself and the CDS and also the GMD of the NNPC to ensure that this problem is handled once and for all.” 

Sylva added that the host communities, the government and operators must play their part to completely eradicate the menace in the industry.

“I agree with you completely. There are three elements to the solution of this problem,” he said. 

“The communities must be involved because these people who are engaged in these illegal activities are not ghosts. They are from communities – so the communities have to be involved. 

“You the security must be involved also because you are the law enforcement arm of the government. 

“And of course, we also as part of government must be involved.

 “And then, the third arm is the operating companies. All the elements are complete now. We are here as government, the operating companies are here and of course, we are going to the communities so I believe that finally this problem will be resolved.” 

Oil producers in Nigeria had decried the illegal activities of oil vandals, saying these oil bunkers cashed in ‘petrodollars’ while Nigeria is bedevilled by low production.

Austin Avuru, former chief executive officer of Seplat Energy Plc, had said a major proportion of Nigeria’s oil production was lost to theft

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) had said the country loses more than 115,000 barrels per day to oil theft and vandalism.

Source: https://energynewsafrica.com