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Pipeline Repairs Gulp N41.98bn In 6 Months – NNPC

The Federal Government spent a total of N41.98bn on pipeline repairs and management in the first half of 2020.

The Nigerian National Petroleum Corporation (NNPC) made this known in its latest monthly oil report.

Giving a breakdown, the corporation said it spent N5.48bn on pipeline repairs and management in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June.

According to the NNPC, a total of 1,067 vandalised points were recorded between June 2019 and June 2020.

It said a total of 33 pipeline points were vandalised in June 2020, representing about 11 percent decrease from the 37 points recorded in May.

Pipeline Repairs Gulp N41.98bn In 6 Months - NNPC

“Mosimi-Ibadan accounted for 33 percent while ATC-Mosimi and Warri-River Niger recorded 27 per cent of the breaks each; other locations make up for the remaining 13 percent.”

The corporation stressed that products theft and vandalism have continued to destroy value and put NNPC at the disadvantaged competitive position.

It added that “NNPC in collaboration with the local communities and other stakeholders continuously strive to reduce and eventually eliminate this menace.”

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