Skip to main content

Senate Endorses ₦‎48 Billion Pipeline Surveillance Contract To Tompolo

 The Senate has endorsed the N48 billion oil pipeline surveillance contract awarded by the Federal Government to former leader of the Mivement for the Emancipation of the Niger Delta High Chief Government Ekpemupolo (alias Tompolo).


The Chairman, Senate Committee on Petroleum (Upstream), Albert Akpan, made the disclosure while speaking with journalists shortly after presenting the report of Senate ad hoc Committee on Oil Lifting, Theft and the Impact on Petroleum Production and Oil Revenues.

The Senator stated that there was nothing wrong with the decision of the Nigerian National Petroleum Company Limited (NNPCL), and the Federal Government to engage non-state actors to secure oil pipelines as far as the contract was achieving the objective for its award.

He said that with the award of the contract an appreciable level of achievement had been made in the fight against the scourge of oil theft.

He stressed that the recent engagement of the pipeline surveillance contract to address oil theft is yielding positive results with noticeable increase in the country’s oil production capacity.

The Senator who commended the NNPCL for the decision said that 500,000 barrels and 87,000 barrels of crude oil per day have been restored in Forcados and Bonny terminals respectively.


He said that the Forcados and Bonny terminals which are major export facilities had not been operational for over seven months because of the oil theft and pipeline vandalism until the decision to engage the security firms.

He recalled that the oil theft had reduced the country’s oil production capacity and a caused a loss of Two billion Dollar to the country since January.

“There are both formal and informal approaches to solving the issue. If that contract was contracted duly and processed, we don’t have any issue with it and if it yields desired outcomes, I don’t think there is anything wrong in it.

“We commend the NNPCL for the action. As we speak, the Forcado terminals have restored 500,000 barrels a day to our national production.

“Just about five days ago, the first 87,000 barrels a day was received at the Bonny terminals. So, things are getting better.

“This means that the abridged intervention done recently by government have yielded positive results because the production would have been shortened and you could imagine the effect on investment because investors will hold back if they cannot derive maximum profits from their investments.”


The Senate had earlier adopted at plenary the recommendations of the ad-hoc committee that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) should resume full regulatory oversight of all existing crude oil terminals in Nigeria

Comments

Popular posts from this blog

Causes, Symptoms and Treatment of Stomach Ulcer

   WHAT IS STOMACH ULCER Stomach ulcers   also known as  G astric   Ulcer.    open sores that develop within the lining of your stomach.   Stomach ulcers are a type of  Peptic Ulcer  disease. Peptic ulcers are any ulcers that affect both the stomach and small intestines. Stomach ulcers occur when the thick layer of mucus that protects your stomach from digestive juices is reduced. This allows the digestive acids to eat away at the tissues that line the stomach, causing an ulcer.   Stomach ulcers may be easily cured, but they can become severe without proper treatment.   WHAT CAUSES ULCER In the majority of all ulcer cases, the cause of ulcers can be linked to a bacterial infection known as a Helicobacter pylori (H. pylori)   usually present in the mucus lining of the intestine.   In certain cases it can cause inflammation and lead to the formation of an ulcer. Helicobacter pylori (H. pylori)   can spread from per...

How to Travel Abroad

  Traveling abroad can be a strikingly simple endeavor when you're prepared. Do your research and study the destination; plan your itinerary and arrange the logistics; and pack for the weather, culture, and activities that you expect. Read on for more specific tips on successfully traveling abroad. Researching a Destination Get a good guidebook.  Fodor's, Rick Steves, and the Michelin guides are all excellent places to start. Make sure you have the most up-to-date guide book for the area of the world you intend to visit. Some are updated every year. Others are updated every other year, or every few years. A good guidebook is a $15-20 investment that can save a lot of headache. Don't be afraid to rip it up and staple together only the pieces you need. A well-kept guidebook might make a nice souvenir, but it may not be worth the extra weight of carrying around information that you don't need. Travel blogs, photos, and recommendations that you can find online can also be h...

How To Relax Your Mind And Body From Anxiety

  Activities that switch on the bodys natural relaxation response feel great, Buenaver says. And they have been proven by research to improve sleep. They help by reducing the release of the stress hormones cortisol and adrenaline and by slowing your heart rate and breathing. Your body and mind calm down. Yoga, tai chi and meditation are helpful stress relief techniques. So are these two simple exercises that Buenaver recommends to patients who are struggling with sleepless nights. Gentle breathing: In a quiet place, sit or lie down in a comfortable position. It may help to close your eyes. Breathe slowly in and out for about five minutes. As you inhale, breathe down into your belly. Focus on your breath. If youd like, repeat to yourself, Breathing in I am calm, breathing out I am coping. Progressive muscle relaxation: In a quiet place, sit or lie down in a comfortable position. Take a few gentle breaths, in and out. Begin tensing groups of muscles one at a time as you breathe. Hold...