Thursday, 2 July 2015

NNPC-Nigeria loses N59.6bn to pipeline vandalism

The Nigerian National Petroleum Corporation,
NNPC, yesterday, stated that the country lost
crude oil and other petroleum products valued at
N59.597 billion to pipeline vandalism in 2014.
The NNPC, in its Annual Statistical Bulletin for
2014 released yesterday, disclosed that pipeline
vandalism increased by 4.54 per cent compared
to the situation in 2013.
The NNPC noted that 355,690 metric tonnes of
petroleum products valued at N44.75 billion was
lost in the period under review, in addition to 1.08
million barrels of crude oil valued at about
N14.847 billion.
It said, “A total of 3,732 line breaks was reported
on NNPC pipelines out of which 3,700 was as a
result of vandalism, while 32 cases were due to
system deterioration resulting in a loss of 355.69
thousand metric tonnes of petroleum products
worth about N44.75 billion.
“Also 1.08 million barrels of crude oil worth about
N14.847 billion was lost in the same period.
There were 32 cases of fire incidents during the
year under review.”
Giving a breakdown of crude oil loss, the NNPC
stated that the country lost 17,964 barrels of
Bonny Light valued at N264.37 million, while
586,776 barrels of Escravos Light valued at
N8.636 billion was lost to pipeline vandalism in
the period under review.
In addition, the activities of the pipeline vandals
led to the loss of 341,566 barrels of Ughelli Blend
valued at N5.027 billion while 62,499 barrels of
Seplat blend valued at N919 million was lost in
2014.
In the area of petroleum products loss, pipeline
vandalism in the Port Harcourt network, led to the
loss 7,460 metric tonnes of petroleum products
valued at N958.72 million; Warri lost 14,290
metric tonnes valued at N2.312 billion, while
Mosimi lost 332,850 metric tonnes valued at
N41.279 billion.
Also, the vandalisation of the pipeline network in
Kaduna led to the loss of 1,080 metric tonnes
valued at N200.39 million.
Furthermore, the NNPC disclosed that the country
recorded crude oil and condensate production of
798.542 million barrels in 2014, dropping by 0.24
per cent from 2013’s production. This, according
to the NNPC, represented an average crude oil
output of 2.19 million barrels per day.
In the gas sector, the NNPC noted that 28
companies produced 2.524 trillion Standard Cubic
Feet (SCF) of natural gas in the period under
review.
It said, “This shows an increase of 8.56 per cent
when compared with 2013 production. Of the
quantity produced, 2.233 trillion SCF, representing
88.53 per cent of total production was utilised,
while 289.60 billion SCF, representing 11.47 per
cent of total production was flared.”
In addition, the NNPC stated that the local
refineries received a total of 25.839 million barrels
(3.492 million metric tonnes) of (dry) crude oil,
condensate and slops and processed 23.360
million barrels (3.157 million metric tonnes) into
various petroleum products.
“The total production output by the refineries was
2.665 million metric tonnes of various petroleum
products. The combined average refining capacity
utilization for year 2014 was 14.4 per cent as
against 22 per cent in the previous year,” the
NNPC stated.

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