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Kapital FM 92.9 The Station that Rocks!
By James Itodo
The Nigerian National Petroleum Company ( NNPCL) , says that there are 4, 800 illegal connections on over 5,000 kilometres of oil pipelines across the country.
The Group Chief Executive Officer of NNPCL, Mele Kyari stated this during an interface with the members of the committee on Appropriation in Abuja.
The NNPCL boss in his submissions before the committee said the oil component of the budgetary projections are realistic and realisable despite the fact that the country presently produces an average of 1.5million barrels of oil per day.
‘As it is today, about 4,800 illegal connections are made on the over 5,000 oil pipelines across the country.
“The illegal connections on oil pipelines in the Niger Delta is so rampant that within 100 kilometres of the affected pipelines, 300 insertions are made on them , which eventually made the pipe to be weak to the point of not being able to hold pressure of oil pumped, let alone, delivering it to the targeted destination.
“Additionally, it is abnormal to engage non – state actors to protect critical assets like oil pipelines. We have however responded abnormally and getting results, because unlike as it was in July 2022 when less than 1.2million barrels of oil were produced by day, it has been 1. 5million barrels per day within the last two to three months “, he said .
When pointedly asked by the way Chairman of the Committee , Senator Solomon Adeola, if the projected oil production per day , can be jerked up to 1.8million from 1.78million , he said the projections and parameters set in the proposed budget are okay for NNPCL and realisable.
He also informed the committee members that the 1.78million barrels per day oil production for the 2024 budget includes condensate which are 200 , 000 to 300, 000 barrels per day.
He added that as a fully commercial entity now , NNPCL between July and November this year, remitted N406billion into the Federation Account as dividends.
In his remarks at the end of the interface, the Chairman of the Committee, Senator Adeola, said Kyari has strenghtened their convictions on workability of the assumptions and projections of the 2024 budgetary proposals .
Edited By Grace Namiji
Written by: Safiya Wada
#kapitalfm92.9 4 800 illegal Connections NNPCL Oil Pipelines
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