Barely two weeks after the National Assembly passed the N8.916 trillion budget for 2019, the implementation of the financial plan is already being threatened by the spate of vandalism of oil pipelines across the country.
Although the Nigerian National Petroleum Corporation could not comment on the crude export losses due to shut-ins, it had earlier revealed that pipeline sabotage was on the rise and posed a critical challenge to the economy and environment. The Spokesperson for Aiteo, Ndiana Matthew, said the pipeline suffered two new leak points near Awoba in River State.
The Nembe Creek Trunk Line, a 97-kilometre, 150,000 barrels of oil per day pipeline, which was constructed by Royal Dutch Shell Plc and was later sold to Aiteo Group, is one of Nigeria’s major oil transportation arteries that take crude from the Niger Delta to the Atlantic coast for export.A breakdown indicated that Mosimi-Ibadan, Ibadan-Ilorin and Aba-Enugu pipelines accounted for 67, 62 and 30 points, which translated to 29 per cent, 27 per cent, and 13 per cent of the vandalised points.
But the agency, quoting a source, said that oil-well shutdowns had reduced Amenam’s daily production, and led to force majeure. Exports of Amenam are typically around 100,000bpd, and trading sources said loadings had been delayed by roughly 25 days. Aside from the pipeline breaks, Aiteo has also alleged that its operations as well as revenues, and the Federal Government are being restricted by the local communities in Bayelsa State.
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