A destroyed refinery By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks. Also, the company said 63 illegal pipeline connections were uncovered during the the weeks . The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge. According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation. It further said that two large boats, which involve
By Akinola Ajibade
Fuel scarcity may linger for some time, as the Nigerian National Petroleum Company Limited (NNPCL), stock of the product declined marginally by 5,481,239 litres on November 7.
This implies that inability of the state owned Corporation to refill its stock is going to have adverse effects on supply of the product to marketers and consumers in general.
The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA), which dropped the hint in a document titled: “Petroleum Products Stock & Days Sufficiency Data on 7th November, 2022,” said the total stock, which was 1,912725464 litres on 6th November, 2022, dropped marginally to 1,907,244,225 litres on 7th November, 2022.
The NMDPRA based its computation of average daily consumption on 60 million litres.
Whereas the stock sufficiency was previously 30.94 days, it dipped to 30.84 days on 7th November, 2022.
According to the document, the NMDPRA said on 6th November, it had 620,755,085 litres land-based stock that was closing stock less dead stock.
It noted that marine stock at berth plus offshore was 1,235,365,363,288 litres, adding that total stock less dead stock was 1,856,118,373.
The authority said depot dead stock was 56,607,091 litres, totally 1,912,725,464
It noted that 650,939,902 litres was land-based stock that was closing stock less dead stock.
The authority said marine stock at berth plus offshore was 1,199,676,226 litres while depot dead stock was 56,628,097 litres.
Meanwhile, there was not respite for consumers across the country yesterday as scarcity and hike dominated the media.
As our Abuja correspondent monitored the petrol market yesterday, consumers, especially motorists were still groaning over the situation.
Only a few retail outlets were opened to customers recorded with endless queues.
This resulted in a hike in remote and unmonitored filling stations.
Similarly, some vendors sold the product in plastic Jerry can at about 350 per litre.
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