The Nigerian National Petroleum Corporation has disclosed that the nation lost about $750 million to oil theft in 2019.
The GMD who spoke on the topic: “Piracy in the Gulf of Guinea; Issues, Challenges for International Trade, National Security and Sustainable Development of Member States”, stated that any threat to the corporation’s operations was a direct threat to the very survival of Nigeria as nation because of the strategic role of the corporation as an enabler of the economy.
He called for a concerted effort and synergy to secure oil and gas operations for the economic survival of the country.Responding to questions on the challenge posed by the proposed energy migration by most western countries to renewables, the GMD said that fossil fuels would still be relevant and that the demand for crude oil would not reduce in the nearest future.
In his presentation, NNPC Chief Operating Officer, Downstream, Engr. Yemi Adetunji, said in 2016, the Gulf of Guinea accounted for more than half of the global kidnappings for ransom, with 34 seafarers kidnapped out of 62 cases worldwide.
That's what they are always quick to push out figures of their poor performance with their 1st class and Upper credit Engineers without solutions.
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