{"id":44693,"date":"2022-10-19T08:38:42","date_gmt":"2022-10-19T08:38:42","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=44693"},"modified":"2022-10-19T08:38:42","modified_gmt":"2022-10-19T08:38:42","slug":"scale-of-oil-theft-has-significantly-reduced-in-niger-delta-region-kyari","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/19\/scale-of-oil-theft-has-significantly-reduced-in-niger-delta-region-kyari\/","title":{"rendered":"Scale of oil theft has significantly reduced in Niger Delta region &#8211; Kyari"},"content":{"rendered":"<header class=\"entry-header\" aria-label=\"Content\">\n<p class=\"entry-title\">The <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/07\/11\/nnpc-weekly-no-complacency-as-we-transform-to-limited-coy-kyari\/\"><strong>Nigerian National Petroleum Company Limited (NNPC Ltd),<\/strong><\/a> says the cooperation with Nigerian security has significantly reduced the scale of oil theft in the Niger Delta Region, following the discovery of several illegal pipes.<\/p>\n<\/header>\n<div class=\"entry-content\">\n<div dir=\"auto\">The Group Chief Executive Officer (GCEO)\u00a0 NNPC Ltd, Malam Mele Kyari made this known on Tuesday in Abuja at the ongoing Energy and Labour Summit 2022 organised by the <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/08\/02\/nuprc-outlines-cardinal-areas-for-sustainable-gas-utilisation-development\/\"><strong>Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).<\/strong><\/a><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<div dir=\"auto\">Kyari, in a keynote address, spoke on \u201cEnergy Transition: Positioning the Nigeria Energy Industry for the Future (Government Perspective)\u201d.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The GCEO while speaking on a wide-range of industry issues such as Energy Transition, Petroleum Industry Act 2021, a brand new NNPCLtd, tackling crude oil theft, he underscored the need for collaboration to halt the crude oil theft to spur economic growth.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThe situation of vandals action on our pipelines and generality of crude oil theft has reach to the point that it needs all to react. The government security and regulatory agencies, whether service or operating are on the table today,\u201d he said.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Kyari, while expressing optimism that the country will have access to more crude \u2013 and revenue in the coming weeks said the PIA passage had made the industry competitive, bringing companies back for investments while business decisions were being made.<\/div>\n<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<p>Also speaking,\u00a0 Mr Gbenga Komolafe, Commission Chief Executive (CCE),\u00a0 Nigerian Upstream Petroleum Regulatory Commission (NUPRC) commended PENGASSAN for organising the event which dwelt on \u201cEnergy Transition and its Effect on Workforce in the Nigerian Oil and Gas Sector\u201d.<\/p>\n<\/div>\n<div dir=\"auto\">Komolafe lauded PENGASSAN on its constructive roles in ensuring industrial peace and harmony, even as the industry was challenged by global and domestic factors like energy transition, climate change, paucity of financing, crude oil theft and a host of other constraints.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The CCE said remarkably, the oil and gas industry in Nigeria had contributed immensely to the economic growth of Nigeria for over five decades.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Through this period, he said the industry metamorphosed from one dominated solely by international Operators, to an industry with many indigenous players pulling their weight positively across operations in the petroleum value chain.<\/div>\n<div dir=\"auto\">\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He said the success and growth witnessed in the industry over this period could be hinged on robust government policies such as Nigerian Oil and Gas Industry Content Development Act and PIA 2021 and other regulations, Investments and a competent workforce.<\/div>\n<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<div dir=\"auto\">\u201cNigeria could further strengthen the resilience of our resources by considering initiatives to decarbonise existing oil and gas operations and continue to encourage investment in lower-carbon energy infrastructure such as gas pipelines.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cIt is expected that gas reserves would be a more resilient energy source under a range of energy transition scenarios,\u201d said the CCE.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He further listed some robust regulatory enablers to facilitate these energy resilience approaches that would make our hydrocarbon projects low carbon emitters and more attractive to investors to include the National Policy on Decade of Gas which is hinged on the Natural Gas Expansion Programme.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Others, according to him are Natural Gas Flare Commercialisation Programme, Natural Gas Flare Elimination and Monetisation Plan in line with Section 110 of the PIA, 2021.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He also included Guideline for Management of Fugitive Methane and Greenhouse Gases Emissions in the Upstream Oil and Gas Operations in Nigeria and the inclusion of Gas Infrastructure Fund in PIA.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He underscored the need to begin to develop local innovative financing solutions to develop our huge gas resources as the number of international traditional investors have dropped drastically.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">To this end, he said the Africa Export Import bank (Afrexim) and Africa Petroleum Producers Organisation (APPO) had decided to set up an Africa Energy Bank to provide capital for oil and gas projects in Africa.<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian National Petroleum Company Limited (NNPC Ltd), says the cooperation with Nigerian security has significantly reduced the scale of oil theft in the Niger Delta Region, following the discovery of several illegal pipes. The Group Chief Executive Officer (GCEO)\u00a0 NNPC Ltd, Malam Mele Kyari made this known on Tuesday in Abuja at the ongoing [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":44731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"42922","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[7],"tags":[2845,180,3608],"class_list":["post-44693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-national-petroleum-company-limited-nnpc","tag-niger-delta","tag-oil-theft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Scale of oil theft has significantly reduced in Niger Delta region - Kyari &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/19\/scale-of-oil-theft-has-significantly-reduced-in-niger-delta-region-kyari\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scale of oil theft has significantly reduced in Niger Delta region - Kyari\" \/>\n<meta property=\"og:description\" content=\"The Nigerian National Petroleum Company Limited (NNPC Ltd), says the cooperation with Nigerian security has significantly reduced the scale of oil theft in the Niger Delta Region, following the discovery of several illegal pipes. 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