A Review of the Nigerian Energy Industry

Oil theft witnessed 154% reduction in 7 months, says Navy

Ghana navy02 September 2014, Lagos – The Chief of Naval Staff (CNS) Vice Admiral Usman Jubrin has stated that the efforts being put in place by the Nigerian Navy to tackle crude oil theft, piracy and other acts of criminality in the nation’s oil and maritime sector is yielding tremendous results with particular reference to crude oil theft, which has witnessed over 154 per cent reduction since January

Jubrin disclosed this Tuesday in Abuja when he received the new Group Managing Director (GMD) of the NNPC,  Joseph Dawha, who led his management team on a courtesy visit to his office at the Naval Headquarters.

The Naval Chief assured that oil theft in Nigeria will soon be a thing of the past, stating that in the space of seven months (January-June) it has declined from 2.6 million barrels to 0.9 million barrels.

He said: “In the last seven months we have recorded huge success, particular in the area of oil theft and piracy. In January for instance, we recorded 2.6 million barrels of crude oil were stolen from our shores, but in June, based on the records we have, it has dropped to about 900,000 barrels.

“We would continue to do our best towards an appreciable level to the extent that people would not show interest in it again. It is a huge task but it is surmountable”.



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