Nigeria Loses N59.6bn to Pipeline Vandalism — NNPN

The Nigerian National Petroleum Corporation, NNPC, yesterday, expressed that the nation  lost unrefined petroleum and other petroleum items esteemed at N59.597 billion to pipeline vandalism in 2014.

The NNPC, in its Annual Statistical Bulletin for 2014 discharged yesterday, revealed that pipeline vandalism expanded by 4.54 for every penny contrasted with the circumstance in 2013.

The NNPC noticed that 355,690 metric huge amounts of petroleum items esteemed at N44.75 billion was lost in the period under audit, notwithstanding 1.08 million barrels of raw petroleum esteemed at about N14.847 billion.

It said, "An aggregate of 3,732 line breaks was accounted for on NNPC pipelines out of which 3,700 was as a consequence of vandalism, while 32 cases were because of framework disintegration bringing about a loss of 355.69 thousand metric huge amounts of petroleum items worth about N44.75 billion.

"Likewise 1.08 million barrels of raw petroleum worth about N14.847 billion was lost in the same period. There were 32 instances of flame episodes amid the year under survey."

Giving a breakdown of unrefined petroleum misfortune, the NNPC expressed that the nation lost 17,964 barrels of Bonny Light esteemed at N264.37 million, while 586,776 barrels of Escravos Light esteemed at N8.636 billion was lost to pipeline vandalism in the period under survey.

Furthermore, the exercises of the pipeline vandals prompted the loss of 341,566 barrels of Ughelli Blend esteemed at N5.027 billion while 62,499 barrels of Seplat mix esteemed at N919 million was lost in 2014.

In the zone of petroleum items misfortune, pipeline vandalism in the Port Harcourt system, prompted the misfortune 7,460 metric huge amounts of petroleum items esteemed at N958.72 million; Warri lost 14,290 metric tons esteemed at N2.312 billion, while Mosimi lost 332,850 metric tons esteemed at N41.279 billion.

Likewise, the vandalisation of the pipeline organize in Kaduna prompted the loss of 1,080 metric tons esteemed at N200.39 million.

Moreover, the NNPC unveiled that the nation recorded unrefined petroleum and condensate generation of 798.542 million barrels in 2014, dropping by 0.24 per cent from 2013's creation. This, according to the NNPC, spoke to a normal raw petroleum yield of 2.19 million barrels for each day.

In the gas part, the NNPC noticed that 28 organizations delivered 2.524 trillion Standard Cubic Feet (SCF) of characteristic gas in the period under survey.

It said, "This demonstrates an increment of 8.56 per cent when contrasted and 2013 creation. Of the amount created, 2.233 trillion SCF, speaking to 88.53 per cent of aggregate generation was used, while 289.60 billion SCF, speaking to 11.47 per cent of aggregate creation was flared."

What's more, the NNPC expressed that the neighborhood refineries got an aggregate of 25.839 million barrels (3.492 million metric tons) of (dry) raw petroleum, condensate and slops and handled 23.360 million barrels (3.157 million metric tons) into different petroleum items.

"The aggregate generation yield by the refineries was 2.665 million metric huge amounts of different petroleum items. The joined normal refining limit usage for year 2014 was 14.4 per cent as against 22 for each penny in the earlier year," the NNPC expressed.