NEITI to Battle Oil Theft, Pipeline Vandalism in Nigeria

NEITI to Battle Oil Theft, Pipeline Vandalism in Nigeria

Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that it will shift focus to oil theft, oil bunkering and pipeline vandalism in Nigeria’s oil and gas industry, in view of the huge revenue lost by the country through these activities in the sector.
The Chairman of the National Stakeholders’ Working Group (NSWG) of NEITI, Mr.Ledum Mittee unveiled this plan at a recent meeting of the agency with the political and economic counsellors of member countries of the European Union (EU) to review the activities of the agency.
NEITI said in a statement signed by the Director of Communications of NEITI, Mr. Orji Ogbonnaya Orji that the absence of reliable baseline information and data on the actual quantity of crude either lost through theft, illegal bunkering or pipeline vandalism had been responsible for the poor response and speculation over facts and figures required to deal with these complex problems.
Oil and Gas Press

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