Nnpc navy collaborate on curbing crude oil theft
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The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Navy have collaborated to curb the menace of crude oil theft in the country. This partnership is aimed at reducing the significant losses incurred by the NNPC due to crude oil theft, which has been a major challenge for the corporation.
Here are some key points about the collaboration:
- Joint Task Force: The NNPC and the Nigerian Navy have established a joint task force to combat crude oil theft. The task force will work together to identify and apprehend individuals and groups involved in the illegal activity.
- Increased Surveillance: The Nigerian Navy will provide additional surveillance capabilities to monitor the country's oil pipelines and facilities. This will help to detect and prevent crude oil theft.
- Improved Intelligence Gathering: The NNPC and the Nigerian Navy will share intelligence information to gather more accurate data on crude oil theft. This will enable them to identify patterns and trends in the illegal activity.
- Enhanced Security Measures: The NNPC will implement enhanced security measures at its facilities, including the installation of additional security cameras and the deployment of more security personnel.
- Collaboration with Other Agencies: The NNPC and the Nigerian Navy will work with other agencies, such as the Economic and Financial Crimes Commission (EFCC) and the Nigerian Police Force, to combat crude oil theft.
The collaboration between the NNPC and the Nigerian Navy is a significant step towards addressing the issue of crude oil theft in Nigeria. The partnership will help to reduce the financial losses incurred by the NNPC and ensure the country's oil resources are protected.
Here are some statistics to illustrate the impact of crude oil theft on the NNPC:
- In 2020, the NNPC lost an estimated 100,000 barrels of crude oil per day due to theft.
- The estimated loss in revenue was around $1.5 billion.
- Crude oil theft has been a major challenge for the NNPC, with the corporation losing an estimated 20% of its total production to theft.
Overall, the collaboration between the NNPC and the Nigerian Navy is a crucial step towards addressing the issue of crude oil theft and ensuring the country's oil resources are protected.