Baru
Oil & GasTop Story

NNPC concerned about porous borders, says petrol smuggling on the rise

236

The Nigerian National Petroleum Corporation (NNPC) on Wednesday expressed concerns about Nigeria’s porous borders and urged stepped-up efforts to beat back sustained nefarious activities of some cross-border fuel smuggling syndicates and hoarders. 

Baru recently said that the nation lost about 148,533000 million litres of fuel to diversion during the December fuel crisis.

In a detailed presentation to the Joint Committee National Assembly on Petroleum Downstream, Dr. Maikanti Baru, NNPC GMD said that smugglers have so far impeded efforts by the Corporation to sanitize the fuel supply and distribution matrix across the country.

Baru said that if the activities of the fuel truck diverters and smugglers were left unchecked, it would be absolutely difficult to guarantee round-the-clock availability of petrol throughout the country due to the massive leakages wrought on the fuel supply and distribution network by the smugglers.

He informed that the sudden and unnatural shock in fuel consumption to record levels has over-stretched the Direct-Sale-Direct-Supply (DSDP) crude for product supply arrangement which was originally based on 35 million per day petrol consumption pattern.

He lamented that with the current unprecedented average daily fuel evacuation of 55 million litres since 1st December 2017 to date, it was imperative for the security agencies to close-in on the smuggling syndicates who were cashing in on the obvious petrol price differentials between Nigeria and neighboring countries to make illicit profit.

Dr. Baru explained that apart from straining the ability of NNPC to sustain the prevailing 100 percent PMS importation in the face of increasing cost, the current situation was impacting negatively on NNPC’s resources for servicing Joint Venture Cash-Call and other obligations.

He said to sustain adequate supply of petroleum products and national energy security, there was the need for the Federal Government to provide flush volumes in January & March, 2018, as well as create enabling environment for other oil marketing companies to participate in the importation of petroleum products.

He also noted the need to double supply in order to raise the fuel sufficiency template back to the 30 days threshold from the current 15 days by bringing in at least two vessels per day for 20 days.

The NNPC GMD, however, explained that the Corporation would require additional funding outside the DSDP regime to achieve this.

The GMD listed the measures put in place to tackle the prevailing challenges to include: Engagement of the Nigerian Navy, Federal Road Safety Corps and Civil Defence to improve truck movement; engagement of the Nigerian Army Engineers to remove failed trucks on the Jebbba/Mokwa Road which had hitherto slowed down truck movement to the northern part of the country; repairs of about 10km stretch of bad roads and sustained assistance to tankers among others.

In addition the NNPC has deployed several tug boats to help pull out grounded DPK vessel at Escravos bar which had made it difficult for PMS laden vessels to access the strategic Oghara products reception facilities and jetty among other palliatives.

He said in addition to the regular DSDP monthly programmed deliveries, the Corporation had imported 12 cargoes (nine in December, 2017, and three in January, 2018).

Responding, Chairman of the NASS Joint Committee, Senator Kabiru Marafa, charged NNPC to resolve the situation within the next seven days.

 

Leave a comment

Related Articles

Regional counter-terrorism centre for intelligence sharing, operational coordination, a must – Tinubu

President Bola Tinubu made a case on Monday for the establishment of...

Fleeing Binance executive arrested in Kenya, faces extraction to Nigeria this week

Kenyan police authorities have reportedly apprehended Mr. Nadeem Anjarwalla, an executive associated...

Tinubu opens African Counter-Terrorism Summit in Abuja on April 22

President Bola Tinubu will open the African Counter-Terrorism Summit on Monday, April...

Breaking: Nigerian chess master Tunde Onakoya breaks world record for longest chess marathon

The Nigerian chess master, Tunde Onakoya, has set a new Guinness World...

Oil prices jump on escalating crises in Middle East

Oil prices jumped on Friday while Asian markets tumbled, with global investors...

Update: Nigeria Immigration Service has put former Gov. Yahaya Bello on the watchlist

More woes for the former Kogi State Governor, Mr. Yahaya Bello, as...

Tinubu directs overhaul of nation’s tiers of education system

President Bola Tinubu has approved the comprehensive overhaul of Nigeria’s educational system...

EFCC operatives allegedly barricade ex-Kogi Gov. Yahaya Bello’s Abuja residence

Operatives of the Economic and Financial Crimes Commission (EFCC) have allegedly barricaded...

MAN, marketers, other stakeholders laud Dangote’s slashing of diesel price to N1,000/litre

The decision by Dangote Petroleum Refinery to reduce the price of diesel...

Cubana Chief Priest arraigned in Lagos, gets N10m bail after pleading not guilty

Businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, was...

Pres. Tinubu launches National Single Window project, to generate annual $2.7bln revenue

“This initiative will link our ports, government agencies and key stakeholders, creating...

FG has rescued over 1,000 abductees without ransom payment — NSA Ribadu

The National Security Adviser, retired AIG Nuhu Ribadu, says the Federal Government...

Breaking: FG kicks start disbursement of N200bln palliative business loans

President Bola Tinubu administration’s promise to give the needed fillip to entrepreneurial...

Senate President to Police I-G: Rid Police Force of corrupt officers

“As we honour the good officers, let us weed out the bad...

Invasion of Oyo Govt Secretariat: Police parade 21 suspected Yoruba Nation agitators in Ibadan

The police in Ibadan paraded no fewer than 21 suspected Yoruba Nation...

Breaking: Emefiele gets N50m bail

A former Central Bank of Nigeria Governor, Godwin Emefiele, was on Friday...

Gas critical to driving economic growth, industrial development — NNPCL GCEO, Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited...

War against oil theft: Tug boat conveying illegal diesel arrested, 115 oil thefts in one week – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) says a tugboat conveying suspected...

EFCC to clampdown on schools, hotels, supermarkets, others dollarizing transactions

….vows to put in jail anyone found to be dollarizing the economy...

Breaking: Nigeria to get oil-backed $1bln Afreximbank loan in May

Nigeria is set to receive $1.05 billion from a syndicated loan backed...