Nigeria loses N59.6bn to pipeline vandalism — NNPC

The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the country   lost crude oil and other petroleum products valued at N59.597 billion to pipeline vandalism in 2014.

The NNPC, in its Annual Statistical Bulletin for 2014 released yesterday, disclosed that pipeline vandalism increased by 4.54 per cent compared to the situation in 2013.
The NNPC noted that 355,690 metric tonnes of petroleum products valued at N44.75 billion was lost in the period under review, in addition to 1.08 million barrels of crude oil valued at about N14.847 billion.
- See more at: http://www.vanguardngr.com/2015/07/nigeria-loses-n59-6bn-to-pipeline-vandalism-nnpc/#sthash.mAgZtUPL.dpuf

The NNPC, in its Annual Statistical Bulletin for 2014 released yesterday, disclosed that pipeline vandalism increased by 4.54 per cent compared to the situation in 2013. The NNPC noted that 355,690 metric tonnes of petroleum products valued at N44.75 billion was lost in the period under review, in addition to 1.08 million barrels of crude oil valued at about N14.847 billion.

In addition, the NNPC stated that the local refineries received a total of 25.839 million barrels (3.492 million metric tonnes) of (dry) crude oil, condensate and slops and processed 23.360 million barrels (3.157 million metric tonnes) into various petroleum products.

“The total production output by the refineries was 2.665 million metric tonnes of various petroleum products. The combined average refining capacity utilization for year 2014 was 14.4 per cent as against 22 per cent in the previous year,” the NNPC stated

The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the country   lost crude oil and other petroleum products valued at N59.597 billion to pipeline vandalism in 2014 - See more at: http://www.vanguardngr.com/2015/07/nigeria-loses-n59-6bn-to-pipeline-vandalism-nnpc/#sthash.mAgZtUPL.dpuf

The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the country   lost crude oil and other petroleum products valued at N59.597 billion to pipeline vandalism in 2014. - See more at: http://www.vanguardngr.com/2015/07/nigeria-loses-n59-6bn-to-pipeline-vandalism-nnpc/#sthash.mAgZtUPL.dpuf

The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the country   lost crude oil and other petroleum products valued at N59.597 billion to pipeline vandalism in 2014. - See more at: http://www.vanguardngr.com/2015/07/nigeria-loses-n59-6bn-to-pipeline-vandalism-nnpc/#st

The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the country   lost crude oil and other petroleum products valued at N59.597 billion to pipeline vandalism in 2014. - See more at: http://www.vanguardngr.com/2015/07/nigeria-loses-n59-6bn-to-pipeline-vandalism-nnpc/#sthash.mAgZtUPL.dpuf