Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it lost as much as 11,753,217 million barrels (mb) of crude oil to activities of illegal crude theft and oil bunkering within the last three years.
NNPC in a closed-door presentation to members of the House of Representatives Committee on Petroleum (Upstream), stated that the losses were recorded between 2010 and 2012 at its various pipelines notably the Escravos/Chevron Nigeria (ESC/CNL)-Warri trunk line, which has the highest cumulative figure of 6,415,052mb in the years under review.
The presentation, made by the Group General Manager, Corporate Planning and Strategy of NNPC, Dr. Timothy Okon, to the committee led by its chairman, Hon. Ajibola Muraina, and obtained by THISDAY indicated that in 2010, 2011, and 2012, the corporation recorded losses of 965,069mb, 4,213,468mb and 1,236,515mb respectively from ESC/CNL-Warri line alone.
On its Warri-Kaduna pipeline, it had losses of 720,748mb for 2010, 644,193mb for 2011 and 752,598mb for 2012; on the Shell Petroleum Development Company (SPDC)/Warri pipeline it had 34,644mb, 153,879mb, and 88,989mb for the years respectively while the Bonny /Port Harcourt Refinery Company (PHRC) line had 595,820mb, 1,379,770mb and 967,522mb as well for 2010, 2011 and 2012 respectively.
Cumulatively, Okon stated that the crude oil loss figures for 2010 were 2,316,281mb, 2011-6,391,311mb and 3,045,625mb for 2012, thus resulting to 11,753,217mb.
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