Group Chief Executive Officer of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari has said cooperation with security agencies has significantly reduced the scale of oil theft in the Niger Delta.
Gatekeepers News reports that this follows the discovery of several illegal pipes in the area.
Kyari revealed this during his address on the second day of the PENGASSAN Energy and Labour Summit on Tuesday.
He added that he is optimistic that the country will have access to more crude and revenue in the coming weeks.
In his keynote address at the summit, the CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, said the gas flare commercialisation program has been relaunched in line with the national commitment to net-zero carbon emissions.
Komolafe also hinted that it will soon commence mini bids of seven offshore blocks of gas to beef up the nation’s revenue and deepen domestic gas utilisation.
Meanwhile, the National President of PENGASSAN, Festus Osifo, stated that the political leaders must cut the cost of governance before asking Nigerians to make sacrifices.
