BREAKING NEWS, Oil & Gas
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The Nigerian National Petroleum Corporation says oil theft will be a thing of the past in the next eight months
THE Nigerian National Petroleum Corporation, NNPC, has promised to end oil theft in the country in the next eight months. Speaking at a one day seminar on Security in the Gulf of Guinea organised by the Gusau Institute in Abuja, Emmanuel Kachikwu, group managing director, NNPC, said the NNPC under his leadership would introduce a whole lot of measures to check oil theft and bring perpetrators to book.
Some of these measures, according to him, include the introduction of drones to monitor the pipelines as well as patrol the country’s coastal waters; equipping and increasing the capabilities of the security services to carry out their responsibilities as well as engagement of communities to police pipelines in their areas.
As part of measures to ensure greater efficiency and transparency in the oil sector, the NNPC boss said the PPMC would be broken up into several companies with one solely in charge of pipelines while the other would be in charge of products.
— Sep 1, 2015 @ 14:10 GMT
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