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‘Impressive results’ — CSO lauds navy’s fight against crude oil theft

‘Impressive results’ — CSO lauds navy’s fight against crude oil theft
May 19
21:25 2024

The Civil Centre on Security and Governance (CCSG) has commended the Nigerian Navy for its successes in the fight against crude oil theft and increasing government revenue.

Speaking at a press conference in Abuja on Sunday, Emmanuel Agabi, a member of the CCSG, lauded Emmanuel Ogalla, chief of naval staff, for providing the right kind of leadership that is resulting in success in the fight against crude oil theft.

Agabi said the chief naval staff has reorganised the navy’s forward operating bases in the Niger Delta region, noting that he has demonstrated an “exceptional commitment” to tackling oil theft.

He added that the deployment of 10 warships, two helicopters, and 500 ballistic boats in a special amphibious exercise is a bold step towards securing national assets.

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“The results are impressive. Nigeria recorded its highest oil production in almost two years, with crude oil production rising from 1.08 million barrels per day in July 2023 to an average of 1.38 million barrels per day in January and February 2024, representing a 300,000 bpd increase.

“Additionally, Nigeria’s liquefied natural gas (LNG) export cargoes have increased from an average of 16 per month in 2023 to 21 monthly in the first quarter of 2024.

“The reduction in oil theft and illegal refining has led to a decrease in oil spills and environmental degradation, which has a positive impact on the livelihoods of people in the region.

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“We commend the Nigerian Navy for their dedication and hard work in securing our national assets and increasing government revenue.”

 

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