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Nigerian Maritime University, Reps set to hold conference on crude oil theft

Okerenkoko—The Nigerian Maritime University (NMU), Okerenkoko, Delta State in collaboration with the House of Representatives Committee on Petroleum (Upstream) will be organizing a national conference on crude oil theft in Nigeria, Mangrovepen.ng has gathered.

The conference is expected to
snowball into the development of a national policy on oil theft aimed at providing workable and homegrown sustainable solutions that will help to drastically reduce the menace.

This was made known in a statement by Dr. Pondei Godfrey, Assistant Principal Registrar/ Director, Directorate of Partnerships, Linkages & Collaborations of the maritime university.

The conference is scheduled to take place at the Nigerian Content Development and Monitoring Board (NCDMB) Hall, Yenagoa, Bayelsa State from Tuesday 14th to Thursday 16th, June 2022.

Pondei stated that “the Conference will be declared open by President Muhammadu Buhari GCFR as Special Guest of Honour; the Bayelsa State Governor, Senator Douye Diri as Chief Host, and all governors in the zone as Co-Hosts.

“Also expected to attend the conference are members of the Federal Executive Council (FEC), Leadership and members of the National Assembly, State Governors and their respective Executive Council members, chieftains of Local Governments, Captains of the oil and gas industry, amongst others.”

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According to the statement, the key objective of the national conference is to proffer workable solutions to the increasing menace of crude oil theft in the country, bemoaning that it has gravely affected activities of International Oil Companies (IOCs) and the nation’s socio-economic growth.

The conference has become necessary because the elimination of crude oil theft in the country will translate to higher revenues for the government and its citizens, the statement added.

The statement reads in part: “Credible sources have disclosed that the menace of crude oil theft has cost Nigeria about 91 percent of its production to illegal bunkering activities, as production cost already stands above the actual oil price. Consequently, Nigeria lost about $3.2 billion to crude oil theft between January 2021 and February 2022.

“In addition to recommending workable solutions that will help reduce and put a permanent stop to the menace of crude oil theft in the country, the conference will also produce a National Policy on Crude Oil theft in the Country.

“While enlisting the Armed Forces,  Paramilitary Formations, Traditional Rulers, Youth Groups, Socio-Cultural Organizations, Civil Society Organizations, and other leaders of thought as stakeholders that must make inputs during the all-important conference, it is hoped that this move will benefit not just the IOCs and other private investors, but will as well boost the country’s economy, thus, culminating in an increase in government revenue, which will in turn engender positive development for the citizenry.”

The statement enjoined corporate organizations and individuals interested in partnering to sponsor the conference to reach Dr. Godfrey Pondei, via e-mail: dirplc@nmu.edu.ng or Phone Number: 08105218570.

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