Nigerian Oil Assets Need Protection From Vandalism, Theft
Photo source: All Africa
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In Nigeria, protections for oil pipelines have been placed in place. Nigeria continues to lose about 200,000 barrels of crude oil every day. Thieves and vandals have stolen them. The Nigerian National Petroleum Corporation’s group director, Mallam Mele Kyari, confirmed it. 

After being hit with the reality of Covid-19 and a protracted surplus in oil prices around the world, he said, the government has begun intensifying efforts to diversify to a non-oil-dependent economy. Nigeria has also been urged to review its maritime security laws and enlist the assistance of private security firms to fight the piracy problem in its waters. Meanwhile, the military has vowed to provide the highest degree of protection for the country’s oil and gas reserves.

Data source: All Africa news

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