Petroleum Pipeline Vandalisation Costs Nigeria N163b In 4 years – PPMC
Pipeline Product Marketing Company(PPMC),a subsidiary of the Nigerian National Petroleum Corporation(NNPC) has said that Nigeria has lost a total of about N162.6 billion to crude oil and petroleum products pipeline vandelisation between 2009 and 2012.
Its managing director, Haruna Momoh, who disclosed this in Lagos at a pipeline vandalisation meeting hosted by the Lagos Chamber of Commerce and Industry(LCCI),said the loss was outside associated costs linked to the pipeline leak.
He said: “1995 was the year that the act of vandalism crept into our operations. The activities of vandals, over the years have continued unabated, have become more sophisticated, well equipped and fully armed and now siphon crude oil using barges and “Cotonou” boats through inserted/concealed valves from the PPMC pipelines supplying crude oil to the Refineries and petroleum products to the Depots. Before then, all we had were occasional rupture/failure of the pipes depending’’.
He regretted that despite government’s efforts at checking the menace, the heinous activities of vandals on the pipelines have not abated over years.
According to him, the PPMC maintains and operate a comprehensive network of Pipelines, totaling 5120KM, strategically spanned across the nation and connected to (23) Depots with tank farms for use in its operations
He said the agency has 19 pump stations with a total storage capacity of 2.66 billion litres of petroleum products pointing that fuel alone has about 1.3 billion litres of storage capacity which is equivalent to about 33 days national sufficiency at 40Mlitrs/day consumption.
No comments:
Post a Comment