The Nigerian National Petroleum Company Limited (NNPCL) has announced that it has discovered over 4,800 illegal connections on oil pipelines in the country.
The Group Chief Executive Officer of NNPCL, Mele Kyari disclosed this while appearing before the Senate Committee on Appropriations on Friday, December 8.
He said;
“We have over 4,800 illegal connections on our pipelines. That means in some lines, within 100 kilometres of pipelines, you have as much as 300 insertions.
“Therefore, even when you produce the oil, you cannot deliver them at the required pressure and therefore the volume will also be less.”
According to the NNPCL boss, people troop in from other parts of the country to insert illegal connections on pipelines in the oil-producing Niger Delta region of Nigeria.
Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, who appeared before the senate joint committee on appropriations today, December 8, stated that the main objective of creating refineries is not to reduce fuel price.
The NNPCL GMD also said that maintaining the energy security target has fostered the confidence that in 2024, Nigeria will become a net exporter of petroleum products.
He also that no subsidy is charged to the federation, adding that the NNPC has contributed 4.45 trillion naira as direct revenue into the federation in a combination of taxes, royalties and dividends and paid 406 billion naira as dividend to Federal Government’s account from July 2023.
Kyari also disclosed that Nigeria does not have credible data for PMS consumption in the country because of the absence of the instrument to measure.
