• Oil & Gas - News
  • Updated: November 22, 2023

NNPCL reports 172 crude oil thefts in one week

NNPCL reports 172 crude oil thefts in one week

Nigerian National Petroleum Corporation Limited (NNPCL) has released a troubling report stating that between November 11 and November 17, there were an astounding 172 instances of crude oil theft in the country.

The report, which was broadcast on the NTA network via the NNPCL's weekly programme "Energy and You," documented a slew of illegal operations taking place in various states.

Twelve vessels with AIS breaches were found by NNPCL investigators, who also discovered 67 illicit refineries in the states of Delta, Bayelsa, Imo, and Abia. 

In addition, the investigation noted five instances of vandalism, five illicit storage locations in Delta, and eight illicit connections in the states of Abia, Imo, and Rivers. In addition, 18 cars were taken into custody by security personnel, who also confiscated 54 wooden boats carrying stolen oil.

The Niger Delta's Deep Blue water, Western, Central, and Eastern areas accounted for the majority of the 27 arrests reported in the report throughout the course of the week. 

Senator Ned Nwoko disclosed the startling increase in crude oil theft in October, pointing to a loss of N2 trillion in 2023 alone. Nwoko stressed how urgent it is to resolve this problem, claiming that ongoing theft and illegal activity are the reasons why Nigeria's everyday production isn't reaching its full potential.

Furthermore, according to a study released in August 2023 by Nigeria's National Security Adviser, Nuhu Ribadu, the nation was losing roughly 400,000 barrels of oil per day to thieves who stole crude oil. Nigeria has the capacity to produce two million barrels of crude oil per day, as noted by Ribadu.

Regretfully, the current production, which hovers around 1.6 million barrels, falls short of this potential.

Nigerian crude oil theft happens on two fronts: locally and internationally. Each level has unique features, and the international component may allow for unauthorised access to offshore oil resources. 

This problem entails a convoluted web of foreign organisations working with regional security forces and powerful factions in Nigeria.

They are a major source of Nigeria's huge revenue loss because of their operation, which involves stealing oil from both onshore and offshore installations and shipping it abroad via vessels. 

Concerns regarding the economic consequences and the necessity of teamwork in tackling this growing issue are brought up by the ongoing increase in crude oil theft.

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