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Pipeline Repairs Cost NNPC N41.98 Billion In Six Months - Politics - Nairaland

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Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Luckydubby7(m): 4:52am On Sep 10
The Nigerian National Petroleum Corporation has said it spent a total of N41.98bn on pipeline repairs and management cost in the first half of this year.

The NNPC disclosed this in its latest monthly oil report, saying, “Products theft and vandalism have continued to destroy value and put NNPC at disadvantaged competitive position.”

A total of 1,067 vandalised points were recorded between June 2019 and June 2020, according to the corporation.

It said a total of 33 pipeline points were vandalised in June 2020, representing about 11 per cent decrease from the 37 points recorded in May.

The NNPC said, “Mosimi-Ibadan accounted for 33 per cent while ATC-Mosimi and Warri-River Niger recorded 27 per cent of the breaks each; other locations make up for the remaining 13 per cent.

“NNPC in collaboration with the local communities and other stakeholders continuously strive to reduce and eventually eliminate this menace.”

In August, the NNPC called on investors to bid for the repairs of pipelines and depots across the country, adding that the rehabilitation of the facilities would be done through a build, operate and transfer model.

Poor maintenance and vandalism have left many of the depots and pipelines idle for years, with the number of fuel tankers on the roads increasing and wreaking havoc.

The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June.

The corporation noted that over the years, the pipeline network had suffered incessant unauthorised interference, adding that this was one of the strongest drivers for the introduction of horizontal directional drilling to the scope of the project.

It said the new pipelines would have intrusion detection and cathode protection systems to complement the deep burial.

“In addition, these facilities have aged over the years giving rise to frequent failures and consequent operational downtimes, high maintenance cost and revenue losses,” the NNPC added.

Between 1976 and 1989, the government, through the NNPC, built three refineries in Port Harcourt, Warri and Kaduna, in addition to an existing one in Port Harcourt, which was built by Shell and BP in 1965 (later bought over by the NNPC).

The NNPC installed a network of pipelines across the country, totalling over 5,000 kilometres in length, to facilitate crude supply to the refineries and products evacuation from them.

The network consists of 4,315 km of multi-product pipelines and 701km of crude oil pipelines, inter-connecting 22 fuel depots, the four refineries, and the jetties at Atlas Cove and Warri.


https://punchng.com/pipeline-repairs-cost-nnpc-n41-98bn-in-six-months/

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Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by LawLab247: 4:56am On Sep 10
These guys make "billions" sound so trivial. Anyways, for CAC company/business or NGO registration, TIN, SCUML, Copyright, Trademark, NAFDAC etc, reach us at www. eNigeria. org.

16 Likes 1 Share

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by olus01(m): 5:05am On Sep 10
Why is it that everything about this nnpc is billions

54 Likes 1 Share

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Yujin(m): 5:24am On Sep 10
Same old kleptocratic stories. NNPC is a liability simply because of the caliber of people working there.

53 Likes 1 Share

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by bro4u: 5:32am On Sep 10
But militants is no longer bombing pipelines so which ones have they been repairing undecided.

This country is in Airplane mode; No functional use at all.

84 Likes 3 Shares

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by techstack: 5:32am On Sep 10
Something is fundamentally flawed in the whole setting of Nigeria and Nigerians.

Until that is fixed, nothing will change.

The involvement of goverment in certain business affairs is a problem, everyone sees that as an avenue to corruption.

Its goverment money, do it anyhow, nothing will happen.




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7 Likes 1 Share

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Sysdatek: 5:33am On Sep 10
Na wao
Atiku really knows what's up
Nnpc is seriously bankrupting nigeria
From the billions in refineries loss
To this

No hope in sight

21 Likes 1 Share

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by bewla(m): 5:33am On Sep 10
million no get place again in my area









Legacy

3 Likes 2 Shares

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by RoyalTerrorist: 5:34am On Sep 10
Issorite lemme comment my reserve on this for now

1 Like

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Teeisaac(m): 5:34am On Sep 10
For my coun3 everything na double double

3 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by ORIGENAL(m): 5:35am On Sep 10
undecided Thunder faya una

Nigeria is a scam

11 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by tit(f): 5:36am On Sep 10
clap for yarsef
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by amalab30(m): 5:39am On Sep 10
Can anything they say be trusted?

1 Like

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Timekeeper: 5:39am On Sep 10
See Nigeria money wasting........ Are these people truly repairing pipe and if yes, I'm sure some av been diverted.

Let them just dash me That 0.98 from the money

2 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by justosee: 5:39am On Sep 10
Atiku was criticized for saying he wants to sell nnpc. if only we know what is going on there

14 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Nobody: 5:41am On Sep 10
bro4u:
But militants is no longer bombing pipelines so which ones have they been repairing undecided.

This country is in Airplane mode; No functional use at all.

People steal from pipelines still

Also, pipelines rust, break down, etc
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by whytediamond(m): 5:42am On Sep 10
Bubu... Mr. Integrity is working grin

4 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by wolesmile(m): 5:43am On Sep 10
Did they even generate that much within the period?

Useless bunch of idiots.

16 Likes 1 Share

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Nobody: 5:43am On Sep 10
techstack:

Something is fundamentally flawed in the whole setting of Nigeria and Nigerians.

Until that is fixed, nothing will change.

The involvement of goverment in certain business affairs is a problem, everyone sees that as an avenue to corruption.

Its goverment money, do it anyhow, nothing will happen.




Do you want to buy, sell, invest or learn crypto coins/bitcoin?

We Buy and sell your crypto currencies - ETH, TRX, BTC, LTC with rest of mind and have smooth transactions opening and closing within minutes


Pieplines break down, are vandalised on a regular basis, and also, many are old and aging

I know government corrupt,but sometimes there is a method to the madness.
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Nobody: 5:45am On Sep 10
Sysdatek:
Na wao
Atiku really knows what's up
Nnpc is seriously bankrupting nigeria
From the billions in refineries loss
To this

No hope in sight

Read the article...they said...

Poor maintenance and vandalism have left many of the depots and pipelines idle for years, with the number of fuel tankers on the roads increasing and wreaking havoc.

The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June.

The corporation noted that over the years, the pipeline network had suffered incessant unauthorised interference, adding that this was one of the strongest drivers for the introduction of horizontal directional drilling to the scope of the project.

It said the new pipelines would have intrusion detection and cathode protection systems to complement the deep burial.

In addition, these facilities have aged over the years giving rise to frequent failures and consequent operational downtimes, high maintenance cost and revenue losses,” the NNPC added.
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Codes151(m): 5:46am On Sep 10
Pipeline repair cost 48billion?

In six months.

Welding of leakages, sandblasting, clamping
Testing of integrity

Una spend 48 billion.
This country is filled with wicked witches

17 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Johntemmy(m): 5:47am On Sep 10
isokay
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by bernard1000001(m): 5:47am On Sep 10
h
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by complexBoss12: 5:49am On Sep 10
I don't know why I get angry each time pass NNPC headquarters Abuja

8 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Nobody: 5:49am On Sep 10
Codes151:
Pipeline repair cost 48billion?

In six months.

Welding of leakages, sandblasting, clamping
Testing of integrity

Una spend 48 billion.
This country is filled with wicked witches

So how much would you have budgeted for maintenance?
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by GOFRONT(m): 5:49am On Sep 10
And Aso villa re¶air cost how much
Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Vicogrin(m): 5:50am On Sep 10
them no dey ever do project of million or thousand nah so so billion and trillion

1 Like

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by bioemmy: 5:56am On Sep 10
It is finished

How much is needed to revamp one of our dead refineries?

How much do we need to build a modular refinery?

But no, some folks prefer to embezzle the mulla the easy way

7 Likes 1 Share

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by Aflix(m): 5:58am On Sep 10
That's close to half the cost of some state's budget. We really need to diversify abeg.

3 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by TooMuchStuff: 6:00am On Sep 10
Fulani run NNPC can't be different from anything else they ever came across.
Secrecy
Nepotism
Exteme corruption
Exclusive wrecking down
Returning it to 6th century era
Fire. Theft. Emptiness

13 Likes

Re: Pipeline Repairs Cost NNPC N41.98 Billion In Six Months by ruggedtimi(m): 6:06am On Sep 10
Abeg which pipeline Dem dey repair?..pH refinery pipeline dey pass front of my house. Yes sometimes this pipes are vandalized but trust me wen this refinery guys come to fix it , the method they use won't cost more than N10k(maximum N100k).. So per month if refinery repairs about 1000 cases of pipeline vandalism across nigeria that's around N100m(max N500m). Omo this people na thieves

8 Likes

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