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NNPC loses N14.02bn to pipeline repairs in February

12 April 2016, 21:37

Abuja - The Nigerian National Petroleum Corporation, (NNPC) spent about N14.023 billion on pipeline repairs and management in February 2016, according to data obtained from its latest financials.

The report stated that the NNPC recorded some 293 pipeline breaks in the month under review, which meant that the Corporation spent an average of N47.86 million to repair each of the line breaks.

Additionally, the NNPC, in its Monthly Financial and Operational Report for February 2016, also revealed that it expended a total of N107.44 billion for the repairs of 3 039 vandalised points over the last 12 months, from March 2015 to February 2016.

The NNPC further stated that the Port Harcourt and Mosimi pipelines were the worst affected areas with 145 and 112 line breaks respectively.

- News 24

Tags nnpc nigeria

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