NNPC Adopts Saudi Aramco’s Security Model.
Nigeria is adopting the security infrastructure similar to that of Saudi’s Aramco to protect its oil pipelines and curb theft.
According to the Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Mele Kyari, the new security architecture would be unveiled soon and help to stop massive oil pipeline vandalism that has resulted in the country losing 30per cent of produced volumes to crude thieves.
Africa’s biggest oil producer has been unable to meet its OPEC quota since the beginning of this year. This is due to rampant theft and vandalism.
Output fell to 1.43 million barrels a day in the three months through June; the lowest quarterly production since 2016, according to the nation’s statistics agency.
Meanwhile, Nigeria’s Chief of Naval Staff (CNS), Vice Admiral Awwal Gambo, has disputed oil theft figures ;from the Nigerian National Petroleum Company Limited (NNPCL) and the Ministry of Petroleum Resources.