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The confiscated oil vessels, which are of different sizes, include MT Habour Spirit, MT Kali, MT Size Nail, MT Okito, MT Bullarenous, MT Sweet Mary, among others. These ships are used in stealing crude from major tap points of oil pipelines and feeding larger oil tankers stationed on the high seas. Yet, there are countless cases of bigger ships daring our maritime watchdogs and entering our territorial waters, as the super tanker – MT Heroic Idun did in August 2022.
It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall. Therefore, the Federal Government needs to step up to the plate. The crude production figure for March 2024, at below 1.25 million barrels per day, fell short of Nigeria’s OPEC quota of 1.38mbpd, and its stated production plan of 1.5mbpd, subject to verification and approval. The OPEC downward review came amid years of Nigeria not meeting its 1.7mbpd quota, and as a result did not gain from the spike in crude oil prices that reached $100 per barrel not too long ago.
Within, oil thieves are sometimes convicted and given the option to pay a N3 million fine, as was the case with Messrs Wisdom and Godwin in 2016. This is easily paid, and paves the way for a return to the illegality, sooner than later. This penal regime is overdue for a review. Nigeria must snuff them out of existence so that it can survive.
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