NNPC reduces oil theft to bearest minimum – Kyari




    The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, said that the corporation has reduced crude oil theft to the barest minimum.

    He said the corporation introduced automation in the process of crude oil sales and delivery to check theft and diversion.

    Kyari explained in a chat with newsmen that the automation ensures that every molecule of crude is tracked right from the terminals down to the vessels. “The problem of stolen crude oil was prevalent some years back. At the Crude Oil Marketing Division, we decided to automate the entire process of crude oil sales and delivery.

    “Another thing we achieved with the automation was the complete elimination of discretionary approvals. This has helped a great deal in tackling crude oil theft in the country,” he said.

    Apart from tracking stolen crudes, Kyari said that it has ensured transparency and accountability in the conduct of the corporation’s businesses. “If you remember, when we came in, we promised greater transparency and accountability in the conduct of the Corporation’s businesses. We immediately followed that promise up with the launch of our strategic objective which is the TAPE (Transparency, Accountability, and Performance Excellence) agenda.

    “Looking back this past year, you will agree with me that we have been very upfront with information concerning our operations. Besides the Monthly Financial and Operations Report, we have made public the 2018 audited financial statements of all the subsidiaries by publishing them on our website. We have published critical data about the Corporation’s staff strength and demography on the website in compliance with NEITI’s Open Data Policy. In fact, as at today, no one can justifiably hang a tag of opacity on NNPC anymore.

    “We have sustained petroleum products supply and distribution across the country, ensuring that the days of supply shortage and long queues of vehicles at petrol stations are behind us and over. We have also resolved a number of disputes on the JV and PSC fronts to facilitate more production activities in keeping with our vision of boosting national production to three million barrels per day. In the area of gas supply to the domestic market, especially the power sector, we have also done much. We have not only sustained, but we have also increased the volume of gas supply. All these are things you can go out there and verify for yourself,” he said


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