Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), has mentioned the company intentionally shut down operations of its refineries.
Talking whereas showing earlier than the Home of Representatives committee on petroleum sources (upstream) on Thursday in Abuja, Kyari mentioned preserving the refineries open was now not sustainable.
Kyari informed lawmakers that the NNPC was unable to provide crude oil to the refineries.
In line with him, the Excravos pipeline was the one one the NNPC managed to maintain by means of contracting course of.
He mentioned: “For instance, to run the Kaduna and Warri refineries, you need to deliver 170,000 barrels of oil per day so that both will operate at 70 percent capacity,” he mentioned, including that NNPC presently has solely round 5,000 kilometres of pipelines with 13 gasoline depots.
“And I can let you know immediately that besides the Atlas cove to Ibadan line, and in addition the Port Harcourt to Aba line, none of those pipelines is serviced.
“We can’t circulation product into these strains. A budget one is to say they’re aged, however the true purpose is that the extent of actions of vandals on these strains is gross, monumental and profound.
“At every point within a month, we fix 80 vandal points. The option is to shut them down and the result of having one depot is what we have seen in Lagos.”
The NNPC GMD famous that from January to June the company misplaced petroleum product value about N43 billion, NAN reviews.
Kyari mentioned the companies of safety businesses needed to be contracted to guard the pipelines from vandals.