According to the Nigerian National Petroleum Corporation (NNPC), 1,447 cases of pipeline vandalism were recorded between January and May 2016.
The Group Managing Director of NNPC, Dr Maikanti Baru disclosed this during a visit to the Commandant General, Nigeria Security and Civil Defence Corps (NSCDC), Abdullahi Muhammadu in Abuja on Wednesday.
Baru also said vandalism led to a loss of 109 million litres of petroleum products and 560,000 barrels of crude oil to refineries.
He noted that the 2016 budget financing is already impacted by the activities of the vandals in the Niger Delta.
He said in 2015 alone, there were 3,000 of such incidents translating to over 643 million litres or
He further disclosed that between 2010 and 2015 it recorded 18, 000 of such incidences.
He said: “Domestic natural gas supply to power is equally impacted with estimated drop of about 50 percent resulting to significant power outage. Petroleum products supply and distribution pipelines have also suffered huge products losses with attendant cost of repairs.
“For example, over 3,000 vandalism incidents were recorded every year from 2010 to 2015. In 2015 alone, pipeline losses of products volume of over 643 million litres amounting to
N51.28 billion were incurred.”
“The 2016 National Budget plan was based on 2.2 million barrels per day of crude oil production. However, the budget plan is now grossly impacted due to renewed militancy with 700,000 bpd of oil production curtailed due to pipeline vandalism,” he said.
Baru sought the support of NSCDC, noting that the corps is much closer to the oil facilities than any other security agency.