Fidelity bank banner UBA banner
Militants deal heavy blow to oil facilities •Attacks result to $2.4m loss a day; Port Harcourt and Kaduna refineries shut

By News Express on 20/01/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,156


Last weekend’s multiple attacks on strategic oil and gas installations by suspected Niger Delta militants are taking a heavy toll on the Nigerian economy. The attacks are now costing Nigeria $2.4 million daily, an Associated Press report quoted Power Minister Babatunde Fashola as disclosing

The attacks began Friday in the southern Niger Delta after a court issued an arrest warrant for former warlord Government Ekpemupolo alias Tompolo in connection with alleged $17.4 million fraud.

Explosions on a Nigerian Gas Company pipeline connected to the Escravos facility of Chevron Nigeria is costing the country $1.98 million daily in lost power and $400,000 in gas, AP quoted Fashola as saying, adding repairs would cost another $600,000.

Hundreds of people are fleeing the area and companies are evacuating workers for fear of a harsh military crackdown, community chieftain Elekute Macaulay told The Associated Press.

Tompolo has denied involvement in the theft and the attacks, centered around his hometown of Gbaramatu.

Residents said the military has launched a manhunt for Tompolo in the creeks and mangrove swamps and that militants are patrolling in home-made gunboats.

The losses further mounted as the Nigerian National Petroleum Corporation (NNPC) this afternoon announced the operational shutdown of the Port Harcourt and Kaduna refineries owing to crude supply challenges.

A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Ohi Alegbe, said that the plants were shut simultaneously on Sunday after the Bonny-Okrika crude supply line to the Port Harcourt Refinery and the Escravos-Warri crude supply line to the Kaduna Refinery suffered breaches.

NNPC stated that before the closure, the Port Harcourt Refinery was recording a daily PMS yield of over 4.1 million litres while Kaduna Refinery was posting a daily petrol production of about 1.3 million litres.

The statement noted that the Warri Refining and Petrochemicals Company is still on stream and producing a little above 1.4 million Litres of petrol per day.

The Corporation however assured Nigerians that it had put in place strategies to guarantee unimpeded country-wide availability of petroleum products.

“In response to the unexpected setback, we have activated comprehensive remedial measures to sustain the prevailing stability in the supply and distribution of petroleum products across the country,” the NNPC said.

•Photo shows Niger Delta militants.

Source News Express

Posted 20/01/2016 7:26:59 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Breaking News: Pope’s surprise Christmas gift for jailed...

2019: NIM (3rd Force) targets 20 million votes...

Balarabe Musa tackles Gowon, says restructuring Nigeria possible...

BREAKING: Police dismiss 3 Inspectors who raided Edwin...

Anambra guber: Buhari to grace Tony Nwoye’s rally...

Before APC makes mistake in Anambra State, By...

It will be a cloudy day spiced with...

PDP stalwart with over 100,000 supporters defects to...

Customs cancels promotional examination for senior officers over...

General Ransome-Kuti bags jail term for losing equipment...

International Action Learning MBA ranked as European Tier...

Osun Guber: Message to voters, By Abiodun Komolafe...

 

Latest News BREAKING NEWS: Ex-Head of State Ernest Shonekan reported dead Senate rejects inclusion of South East reps in Security Council Buhari support group accuses three governors of sabotage University don commits suicide in Benue Army Chief announces Operation Crocodile Smile III, states objectives Outcry over alleged imposition of the son of Aisha Buhari’s aide as APC candidate Military gives militia December to vacate Benue, Taraba, Nasarawa 2019: Picking Peter Obi will not make Yorubas vote against Atiku — Ajulo Court grants SERAP leave to compel Fashola over ‘N900bn spent on power privatisation’ 2019: Anambra leaders, Ohanaeze assure Atiku of South East support Release of looters’ list didn’t violate rights: Court Kaduna crisis: 24 hours curfew relaxed in parts of metropolis

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (409,410 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,852 views) Shameless Genevieve Nnaji exposes breasts in public (316,273 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (260,121 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,638 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (225,063 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (205,018 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,459 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (171,328 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,473 views) Lagos plane crash: Journalist releases victims’ names (162,165 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,829 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,708) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (305) International (2,568) Interview (165) Live Commentary (28) Love Matters (145) News (39,858) Opinion (1,127) Pidgin (13) Politics (7,372) Religion (885) Sports (1,740) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement