{"id":110963,"date":"2024-02-19T11:36:50","date_gmt":"2024-02-19T10:36:50","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves"},"modified":"2024-02-19T23:00:37","modified_gmt":"2024-02-19T22:00:37","slug":"reps-seek-navys-synergy-to-fish-out-crude-oil-thieves","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves","title":{"rendered":"Reps seek Navy\u2019s synergy to fish out crude oil thieves"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The House of Representatives Special Committee on Crude Oil Theft and Losses has pleaded with the Nigerian Navy to assist it with relevant information to unravel those behind the perennial stealing of the country\u2019s crude oil.<\/p>\n

The Chairman of the Committee, Rep. Alhassan Ado Doguwa, made this appeal in a statement on Sunday in Abuja after its engagement with the Chief of Naval Staff, Vice Adm. Emmanuel Ogala.<\/p>\n

Doguwa assured Ogala that information obtained confidentially by the committee would be handled with the utmost care.<\/p>\n

He stated that crude oil theft was \u201ca major concern for the economy of our country, Nigeria, and on that note, we feel we have to extend our hands of fellowship to the relevant security stakeholders.<\/p>\n

\u201cThe parliament budgeted about N28.77 trillion for the year 2024 based on the crude oil benchmark of $77.96 per barrel and the production of 1.78 million barrels per day.<\/p>\n

\u201cIn January 2024, Nigerian oil production rose to about 1.42 million barrels per day; this represents an increase of about 6.85 percent compared to the production figure of 1.39 million barrels per day in December 2023.\u201d<\/p>\n

He said there seemed to be a gradual improvement in oil production, but added that the country was still below the OPEC quota of 1.58 million barrels per day in the 2024 budget benchmark.<\/p>\n

According to him, the major reason the country was not meeting its production targets was largely attributed to crude oil theft.<\/p>\n

\u201cThis theft is being carried out in collusion, which not only threatens the economy of the country but has even precipitated a crisis concerning national security,\u201d he added.<\/p>\n

The statement quoted the Chief of Naval Staff, who agreed that oil theft remained a major challenge to the country\u2019s economy, stressing the recent report by NNPC Ltd. of the rise of crude oil production to about 1.78 million bpd.<\/p>\n

This, according to him, was the highest in the last three years, adding that it was still below Nigeria\u2019s OPEC quota while ensuring that the Navy would work in collaboration with others to ensure the quota was met.<\/p>\n

He, however, decried the shortage of personnel in the face of the vastness of the country\u2019s waterways, which he said were over 1\/10th of Nigeria\u2019s land.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The House of Representatives Special Committee on Crude Oil Theft and Losses has pleaded with the Nigerian Navy to assist it with relevant information to unravel those behind the perennial stealing of the country\u2019s crude oil. The Chairman of the Committee, Rep. Alhassan Ado Doguwa, made this appeal in a statement on […]<\/p>\n","protected":false},"author":84,"featured_media":110962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,350,254,1589],"class_list":["post-110963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-navy","tag-nigeria","tag-reps"],"yoast_head":"\nReps seek Navy\u2019s synergy to fish out crude oil thieves - Nigeria<\/title>\n<meta name=\"description\" content=\"The House of Representatives Special Committee on Crude Oil Theft and Losses has pleaded with the Nigerian Navy to assis ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reps seek Navy\u2019s synergy to fish out crude oil thieves\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives Special Committee on Crude Oil Theft and Losses has pleaded with the Nigerian Navy to assis ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-19T10:36:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-19T22:00:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1708330523.442336.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"714\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Reps seek Navy\u2019s synergy to fish out crude oil thieves\",\"datePublished\":\"2024-02-19T10:36:50+00:00\",\"dateModified\":\"2024-02-19T22:00:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves\"},\"wordCount\":390,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1708330523.442336.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"navy\",\"Nigeria\",\"Reps\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reps-seek-navys-synergy-to-fish-out-crude-oil-thieves\",\"name\":\"Reps seek Navy\u2019s synergy to fish out crude oil thieves - 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