UNILAG AD
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, August 16, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
crude oil theft

Sponsors of crude oil theft are in ‘high places’, go after them, Shell tells Jonathan

byBassey Udo
February 20, 2013
Reading Time: 2 mins read
16
Instead of gallivanting to European and other foreign countries to seek for help on tackling crude oil theft, the Goodluck Jonathan administration should move against “principalities and powers in high places,” who are the sponsors of crude oil theft, the Managing Director of Shell Petroleum Development Company, SPDC, Mutiu Sunmonu, said in Abuja on Wednesday.

Mr. Sunmonu, who spoke at the ongoing Nigeria Oil & Gas, NOG 2013 Exhibition and Conference, compared the stolen crude business to the drug business that had couriers, small dealers, and sponsors.

The Shell boss said that though it is commendable for Nigeria to take the initiative to discuss with foreign countries suspected to hold the proceed from the sale of stolen crude oil, the problem can be easily solved if the sponsors are found out and dealt with.

He said like drug business all over the world, the small criminals who sabotage crude oil pipelines in the Niger Delta are only working for bigger entities that should be found out and dealt with.

“The truth is that the small (criminals) in the creeks of Niger Delta bursting pipelines and stealing crude oil are not working for themselves. Like the drug cartels around the world, they are being sponsored by big principalities and powers in high places, which the government should go against if the fight against crude oil theft is to be won,” he said.

He said efforts should be made by all stakeholders to tackle the problem of poverty among the people, pointing out if this is taken care of, the problem would have been half solved, as the perpetrators would not have any reason to allow themselves be used to steal the country’s commonwealth.

Mr. Sunmonu said Shell and other International Oil Companies operating in Nigeria have had their pipelines sabotaged by crude oil dealers on several occasions. The oil companies have privately and publicly blamed the government for its failure to provide security for the pipelines despite the fact that they pay all the charges and taxes the government asks of them.

Stolen crude has reduced

The Group Executive Director, Exploration & Production, of the Nigerian National Petroleum Corporation, NNPC, Abiye Membere, said the country was initially losing an average of 180,000 barrels of crude oil daily to illegal bunkering and other sabotage activities.

TEXEM Advert

According to Mr. Membere, the various intervention strategies of government have only succeeded in reducing the loss to between 50,000 and 80,000 barrels per day at the moment.

Nigeria is estimated to lose $6 billion (N900 billion) annually to crude oil theft.

Mr. Membere said the federal government is committed to seeing the problem stamped out completely with the resolve to go after countries suspected to be harbouring the proceeds from the sale of the stolen crude from Nigeria.

On Tuesday, the Minister of Petroleum, Diezani Alison-Madueke said President Goodluck Jonathan is worried about the rate of crude oil theft in the Niger Delta and is determined to put a stop to the act. She explained that the matter was one of the issues the Nigerian President discussed with his British and French counterparts in his last trip to the two countries.

 

  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • WhatsApp
  • Share on Tumblr
  • Pocket


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

Dowry: Managing Africa’s Many Lovers, By Pius Adesanmi

Next Post

Pope may change conclave rules before abdication – Vatican

Bassey Udo

Bassey Udo

Bassey Udo is PREMIUM TIMES' Business & Economy Editor. He has covered finance, energy, oil, gas & extractive industries for over a decade. He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. Twitter: @ba_udo

More News

electricity lines

Nigeria electricity workers hold protest, set for strike

August 16, 2022
Naira and Dollar notes

Naira falls at official market

August 15, 2022
Floor of the Nigerian Stock Exchange

Nigerian stocks fall for third straight day as inflation soars to 17-year high

August 15, 2022
Abuzar Royesh, Olamide Oladeji and Izunna Okonkwo

Nigerian digital bookkeeping platform, Pastel, raises $5.5 million in seed round

August 15, 2022
National Bureau of Statistics (NBS)

UPDATED: Nigeria’s inflation hits 17-year high amid soaring food prices

August 15, 2022
Judges at the Semi Final Pitching of the eNaira Hackathon 2022 in Lagos on Saturday, Aug. 13, 2022.

eNaira: CBN, Fintech Foundry to support 10 startups

August 14, 2022
Read All Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2022 The Premium Times, Nigeria