NNPC RECORDS 43% DROP IN OIL PIPELINE VANDALISM

The Nigerian National Petroleum Corporation NNPC records and  has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May.

This was disclosed in a statement by the spokesperson of the corporation, Kennie Obateru, on Wednesday in Abuja.

The statement explained that details of the report contained in the May version of the NNPC Monthly Financial and Operations Report (MFOR) indicated that 37 pipeline points were vandalised, representing about 43 per cent decrease from the 65 points recorded in April.

A breakdown of the cases showed that the Mosimi-Ibadan pipeline axis accounted for 38 per cent of the vandalised points.

Also, Atlas Cove—Mosimi axis recorded 19 per cent, Suleja-Kaduna logged 16 per cent, while other locations make up for the remaining 27 per cent of the breaks.

The NNPC records in the May report said in collaboration with the local communities and other stakeholders, it would continuously strive to bring the malaise under control.

“The NNPC May MFOR said the corporation had continued to diligently monitor the daily stock of Premium Motor Spirit (PMS), otherwise called petrol, to achieve smooth distribution of the products to ensure zero fuel queue across the nation,” the statement said .

Sold products

The statement said 950.67million litres of white products were sold and distributed by the corporation’s Downstream subsidiary, the Petroleum Products Marketing Company (PPMC) in May.