Abuja - An estimated N21.37 billion has been lost as a result of vandalism on the Trans-Forcados and Escarvos-Lagos pipelines over the past six weeks.
According to a Punch report, the Nigerian National Petroleum Corporation (NNPC) has revealed that an increase in vandalism on crude oil and gas lines has resulted in the Escravos-Lagos gas line being vandalised four times over the last weekend.
The Corporation disclosed that between 50,000 and 60,000 barrels of crude oil were being lost along the line on a daily basis due to breaks.
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Commenting on the development, NNPC Group Executive Director of Gas and Power Dr David Ige said that a syndicate is suspected to be behind the sabotage.
Ige lamented the fact that the Trans-Forcados line had been vandalised four times between January and February, adding that the corporation's gas pipelines had not been able to run for two straight days without interference.
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