Oil Companies Call For Legislative Intervention To Curb Pipeline Vandalism

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 50 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 78%

Business News

Oil Theft,Pipeline Vandalism,Legislative Intervention

Some oil companies have called for legislative intervention to curb pipeline vandalism, saying it is harmful to Nigeria's economic well-being and the ecosystem. They blamed environmental pollution in the South-south region on the activities of pipeline vandals, particularly in host communities.

Ireti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsAll Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsAbdulbaqi: In praise of UNILORIN’S first female professor of Mass Communication, By Oladeinde OlawoyinRivers of crises, By Dakuku PetersideIreti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsAll Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsAbdulbaqi: In praise of UNILORIN’S first...

They blamed the environmental pollution in the South-south region on the activities of pipeline vandals, particularly in the host communities.According to Mr Akuduro, most of the vandals, with increasing appetite for pilfering crude from the pipelines through illegal connections and damage to oil installations, reside in host communities.

“Our operations covering largely onshore and marshy areas are easily accessible to vandals whose activities result in spillage and pollution of the environment as oil spills are swiftly spread by the strong underwater current,” he said.Also speaking, Ewarezi Useh, the chief operating officer of Aieto Group, a petroleum business company, also blamed the drop in crude oil production on the activities of vandals.

The Chairperson, House Committee on Environment, Julius Pondi , reiterated the committee’s resolve to unearth the cause of environmental degradation and pollution caused by oil companies through their operations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EFCC to oil companies: Not complying with NEITI audit process a costly mistakeEFCC says the refusal of some oil and gas companies and relevant government agencies to comply with the annual NEITI industry audit process will be a costly mistake.
Source: thecableng - 🏆 2. / 80 Read more »

PENGASSAN: Some local oil companies can't fund assets acquired from IOCsPENGASSAN says indigenous oil companies do not have the financial strength to fund the assets they acquired from international oil companies.
Source: thecableng - 🏆 2. / 80 Read more »

NEITI: Oil, gas companies owe FG $6bn, N66bn for unpaid royalties, taxesNEITI says outstanding revenues due to the federal government in the oil and gas industry rose to $6.071 billion and N66.4 billion, respectively, as of June 2024.
Source: thecableng - 🏆 2. / 80 Read more »

PIA: NUPRC asked to account for 3% OPEX revenue from oil companies in Akwa IbomOil producing communities in Akwa Ibom State, civil society organisations as well as the media have called on the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to make public the available data on the 3% Operating Expenditure (OPEX) revenue paid by oil firms in the state as well as how the revenue is calculated, as...
Source: DailyPostNGR - 🏆 11. / 59 Read more »