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Wednesday, April 17, 2024

Nigeria intercepts stolen crude, to destroy it

Nigeria intercepts stolen crude, to destroy it

Nigeria’s state-owned oil firm, NNPC Ltd, said on Monday an 800,000-litre (211,338-U.S. gallon) vessel carrying stolen crude had been intercepted offshore while heading to Cameroon and would be destroyed as a deterrent to oil theft.

Crude theft from pipelines and wells in the Niger Delta has hobbled the country’s output in recent years and is one of the biggest challenges to confront new President Bola Tinubu.

NNPC said the oil was stolen from a well in south western Ondo state. The MT Tura II vessel was owned by locally registered Holab Maritime Services Limited and had no valid documentation for the oil, the company said.

Holab could not be reached for comment on numbers listed on its website.

“Destroying vessels involved in transporting stolen crude oil is of paramount importance as a strong deterrent,” NNPC said.

NNPC circulated a video showing the vessel surrounded by armed Nigerian security agents.

Some Nigerians have however asked why the destruction rather than returning the stolen oil to the state.

The trend in Nigeria

Crude oil theft in Nigeria has been a significant challenge for several years. Nigeria is Africa’s largest oil producer and relies heavily on oil revenue for its economy. However, the theft of crude oil, also known as “oil bunkering,” has had severe consequences on the country’s economy, environment, and security.

Here are some key points about crude oil theft in Nigeria:

  1. Scale of the Problem: Crude oil theft in Nigeria is estimated to be substantial, with various reports suggesting that thousands of barrels of oil are stolen daily. The stolen oil is often sold on the black market, both domestically and internationally.
  2. Methods of Theft: Oil thieves employ various methods to siphon crude oil from pipelines, including tapping into pipelines, illegal refining, and illegal loading of oil onto barges or ships. These activities are typically carried out by criminal syndicates who have extensive networks and often operate with the involvement of corrupt officials.
  3. Consequences: Crude oil theft has severe consequences for Nigeria. It leads to significant revenue losses for the government, estimated to be billions of dollars annually. The theft also causes environmental damage due to oil spills resulting from pipeline vandalism and illegal refining processes. Additionally, it contributes to insecurity in the Niger Delta region, where most of Nigeria’s oil infrastructure is located, as criminal groups engage in violence and clashes with security forces.
  4. Government Initiatives: The Nigerian government has taken several measures to combat crude oil theft. These include the establishment of special task forces, increased surveillance of pipelines, and collaboration with international partners to address illegal oil bunkering. However, the problem persists due to the complex nature of the issue, including corruption, poverty, and the involvement of powerful criminal networks.
  5. International Cooperation: Crude oil theft in Nigeria is not limited to domestic actors alone. It involves transnational networks that facilitate the smuggling and sale of stolen oil. Therefore, international cooperation and coordination among neighboring countries and other stakeholders are crucial to effectively address the issue.
  6. Impact on Communities: Crude oil theft disproportionately affects local communities in the Niger Delta region. Oil spills and environmental degradation have a detrimental impact on their livelihoods, health, and access to clean water. Furthermore, the involvement of criminal groups in oil theft exacerbates insecurity and social unrest in the region.

Efforts to combat crude oil theft in Nigeria require a multifaceted approach that includes addressing corruption, improving governance, empowering local communities, strengthening security measures, and promoting sustainable development initiatives in the Niger Delta region.

 

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