18-Feb-2025 8:44:31
[UTC] 02SEP2019 - News - Why crude oil losses persist despite huge surveillance contracts
Despite the Nigerian National Petroleum Corporation (NNPC) award of multi-million dollar pipeline surveillance contracts to private security companies, the loss of 22 million barrels of crude oil between January and June is a pointer that the problem is steadily growing worse. Worried that crude oil theft has become prevalent for decades due to phenomenal lax security and alleged collusion between security operatives and oil thieves, stakeholders in the Niger Delta have recommended that pipeline surveillance contracts should be directly awarded to host communities rather than individual businessmen, including ex-militant commanders.
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