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Pipeline Surveillance Contract: Senate throws weight behind Tompolo 

Update on how Tompolo’s Tantita is improving the nation’s economy, making Niger Delta region livable

Pipeline Surveillance Contract: Senate throws weight behind Tompolo 

…says nothing wrong engaging non-state actors

The Senate yesterday expressed support for the N48 billion pipeline surveillance contract awarded to a firm owned by High Chief Government Oweizide Ekpemupolo aka Tompolo.

Sen. Albert Akpan, the Chairman, Senate Committee on Petroleum (Upstream) said this on Tuesday in Abuja, when he spoke with newsmen shortly after presenting the report of Senate ad hoc committee on oil lifting, theft and the impact on petroleum production and oil revenues.

Bassey said there was nothing wrong engaging non-state actors to secure oil pipelines in as much as the contract was yielding desired results.

He said oil theft has reduced the country’s oil production capacity and has resulted in the loss of about 2 billion dollars revenue since the beginning of the year.

ALSO READ: Nigerian Senate reveals how the country lost $2billion to oil theft within eight months

Bassey said that major export facilities, like the Bonny and Forcados Terminals, were shut down for a over seven months due to pipeline vandalism and oil theft.

He, however, said the recent pipeline surveillance contract to address oil theft was yielding positive results as the country’s oil production capacity has increased.

“There are both formal and informal approaches to solving the issue. If that contract was contracted duly and processed, we don’t have any issue with it and if it yields desired outcomes, I don’t think there is anything wrong in it.

“We commend the NNPCL for the action,as we speak, the Forcado terminals have restored 500,000 barrels a day to our national production.

“Just about five days ago, the first 87,000 barrels a day was received at the Bonny terminals. So, things are getting better.

“This means that the abridged intervention done recently by government have yielded positive results because the production would have been shortened and you could imagine the effect on investment because investors will hold back if they cannot derive maximum profits from their investments,” he said.

Earlier Senate at plenary adopted recommendations of the ad-hoc committee.

Part of the recommendations included that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) should resume full regulatory oversight of all existing crude oil terminals in Nigeria.

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