{"id":16505,"date":"2019-10-08T15:24:31","date_gmt":"2019-10-08T15:24:31","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=16505"},"modified":"2019-10-08T15:24:31","modified_gmt":"2019-10-08T15:24:31","slug":"stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria","title":{"rendered":"Stakeholders raise concern over poor metering for crude in Nigeria"},"content":{"rendered":"

The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja<\/a>, insisted that inadequacy in the metering of crude oil production in the country could continue to affect the nation\u2019s revenue.<\/p>\n

Indeed, without urgent efforts to address the situation, the stakeholders believe the volume of oil stolen from the country may persist.<\/p>\n

While some industry players admitted to the presence of metering in some cases, but they insisted that current installations fail to comply with extant regulations.<\/p>\n

Identifying metering challenges as a major source of revenue loss in Nigeria\u2019s petroleum and mining sectors, as previous NEITI audit report had quoted that as much as $4.1billion have been lost to the gap, with about 106,861,842 million barrels of oil not adequately accounted for.<\/p>\n

Speaking at a workshop on the development, Executive Secretary of NEITI, Waziri Adio, who was represented by NEITI\u2019s Director of Communications, Dr. Orji Ogbonanya Orji, noted that against the practice in other oil-producing countries, Nigeria remained one of the few countries without adequate metering infrastructure for oil and gas.<\/p>\n

\u201cStealing of Nigeria\u2019s crude can be minimised if we know exactly what we produce, what we consume locally, and export internationally; and these have occurred over the years in NEITI\u2019s audit reports,\u201d Adio said.<\/p>\n

He said the current figure of crude oil production in the country is only an estimate due to poor metering system.<\/p>\n

\u201c We must have our independent way of assessing what we are producing as it exists in Saudi Arabia, Kuwait, Norway, and others, who do not have the kind of challenges we have,\u201d he said.<\/p>\n

Also speaking, the founding Executive Director, African Centre for Leadership, Strategy, and Development (Centre LSD), Dr. Otive Igbuzor, noted that effective hydrocarbon management is hinged on the fiscal regime, regulation, and metering Infrastructure, adding that the oil and gas industry is yet to get any of the three right.<\/p>\n

Igbuzor, also a member of the Nigeria Natural Resource Charter\u2019s Expert Advisory Panel, said although the proposed Petroleum Industry Bill (PIB) promises to address the issues of fiscal regime and regulation, such elaborate arrangements might not be required to get metering right.<\/p>\n

Presenting findings of a report commissioned by FOSTER in partnership with NEITI, member of the research team, Dr. Sunday Kanshio, indicated that oil firms are breaching provisions of the 1969 Petroleum Act of Nigeria, by failing to install meters at their wellhead.<\/p>\n

He said: \u201cThere is a significant improvement in the 2016 DPR Procedure Guide for the Determination of Quantity and Quality Petroleum and Petroleum Products. There are still gaps in the DPR guidelines when benchmarked against guidelines from the countries surveyed. These gaps include measurement uncertainty, production allocation, movement of crude oil using a barge, and clarity on the measurement of refined products at refineries and jetties.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja, insisted that inadequacy in the metering of crude oil production in the country could continue to affect the nation\u2019s revenue. Indeed, without urgent efforts to address the situation, the stakeholders believe the volume of oil stolen […]<\/p>\n","protected":false},"author":62,"featured_media":16506,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[347,105,428],"class_list":["post-16505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-abuja","tag-economy-of-nigeria","tag-stakeholders"],"yoast_head":"\nStakeholders raise concern over poor metering for crude in Nigeria - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja\" \/>\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\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stakeholders raise concern over poor metering for crude in Nigeria\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-08T15:24:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\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\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Stakeholders raise concern over poor metering for crude in Nigeria\",\"datePublished\":\"2019-10-08T15:24:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria\"},\"wordCount\":480,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg\",\"keywords\":[\"Abuja\",\"Economy of nigeria\",\"stakeholders\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria\",\"name\":\"Stakeholders raise concern over poor metering for crude in Nigeria - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg\",\"datePublished\":\"2019-10-08T15:24:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"description\":\"The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg\",\"width\":800,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stakeholders raise concern over poor metering for crude in Nigeria\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\",\"name\":\"alico\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/alico\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stakeholders raise concern over poor metering for crude in Nigeria - Nigeria","description":"The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria","og_locale":"en_US","og_type":"article","og_title":"Stakeholders raise concern over poor metering for crude in Nigeria","og_description":"The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja","og_url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria","og_site_name":"Nigeria","article_published_time":"2019-10-08T15:24:31+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg","type":"image\/jpeg"}],"author":"alico","twitter_card":"summary_large_image","twitter_misc":{"Written by":"alico","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria"},"author":{"name":"alico","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"headline":"Stakeholders raise concern over poor metering for crude in Nigeria","datePublished":"2019-10-08T15:24:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria"},"wordCount":480,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg","keywords":["Abuja","Economy of nigeria","stakeholders"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria","url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria","name":"Stakeholders raise concern over poor metering for crude in Nigeria - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg","datePublished":"2019-10-08T15:24:31+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"description":"The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/A-Prepaid-meters.jpg","width":800,"height":450},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/stakeholders-raise-concern-over-poor-metering-for-crude-in-nigeria#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Stakeholders raise concern over poor metering for crude in Nigeria"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7","name":"alico","url":"https:\/\/www.africa-press.net\/nigeria\/author\/alico"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/16505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=16505"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/16505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/16506"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=16505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=16505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=16505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}