(Ecofin Agency) - The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Kachikwu (photo) has vowed to completely eradicated oil theft in the next eight months. This he disclosed at a one day seminar on Security in the Gulf of Guinea Abuja.Vanguard reports
Dr Kachikwu said the NNPC under his leadership is presenting a whole lot of measures to check oil theft and to bring perpetrators to book.
Some of the measures he mentioned include the introduction of drones to monitor the pipelines as well as patrol the country’s coastal waters; equipping and increasing the capabilities of the security services to carry out their responsibilities as well as engagement of communities to police pipelines in their areas.
As a means of ensuring greater efficiency and transparency in the oil sector, the NNPC boss said the PPMC would be broken up into several companies with one solely in charge of pipelines while the other would be in charge of products.