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Oil Pipleline Attacks On The Increase– NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu has raised an alarm over the impact of pipleine attacks on … Continue reading Oil Pipleline Attacks On The Increase– NNPC GMD


The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu has raised an alarm over the impact of pipleine attacks on the nation’s economy.

During his submission to the Senate and House of Representatives joint committee on the medium term frame work for the period 2014 to 2016, Mr Yakubu stated that attacks on Nigeria’s crude oil pipelines are still rising.

The NNPC boss revealed that about 150,000 barrels of crude oil is lost per day due to the attacks, and there are fears also that the revenue flow to the federation account will continue to dip as a result.

Commenting on the daily crude oil production figure, the NNPC GMD added that the production figure has been erratic, moving between 2.2 million and 2.3 million barrels per day.
Nigeria is yet to hit the projected crude oil production figure of 2.5 million barrel per day.