Agip loses 20,000bpd to oil theft

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The Nigeria Agip Oil Company said on Monday in Yenagoa, Bayelsa State that it was losing 20,000 barrels of crude per day to oil theft.

This, it said, necessitated the discussion initiated by the Bayelsa State Government with it on how to tackle the scourge.

The tripartite meeting, according to a statement, had in attendance the state’s Deputy Governor, Rear Admiral Gboribiogha Jonah, the representatives of the Nigerian Agip Oil Company and surveillance contractors engaged by the company to tackle the menace.

In his address, Jonah said the government was losing a lot of revenue due to crude oil theft in the Niger Delta.

According to him, crude oil theft is impacting negatively on the nation’s economy, which is dependent on oil, hence, governments at all levels are worried and are making efforts to ensure that the menace is checked.

The deputy governor also expressed concern over the damage done to the environment as a result of oil exploration activities by the International Oil Companies in the Niger Delta.

He also said the Federal Government had already constituted a committee headed by the Delta State Governor, Dr. Emmanuel Uduaghan, which comprises governors of the South-South region to deal with the issue of crude oil theft in the region.

 

Information from Punch was used in this report.