• Latest
  • Trending
  • All
Education

Navy queries NNPC’s claim of 200,000 barrels of crude oil stolen daily

August 31, 2022
Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit

Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit

May 7, 2026
Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz

Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz

May 7, 2026
FG Bans 'Dr' Title for Honorary Degree Holders

FG Bans ‘Dr’ Title for Honorary Degree Holders

May 7, 2026
FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 

FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 

May 7, 2026
Goodmus Learning Begins Global GCA Certification in Lagos

Goodmus Launches GCA in Lagos, Begins Global Competence Certifications

May 6, 2026
Former Commerce Minister, Mustafa Bello Appointed As Zenith Bank Chairman

Former Commerce Minister, Mustafa Bello Appointed As Zenith Bank Chairman At AGM 

May 6, 2026

Obi’s Entry Sparks Firestorm in Anambra NDC As Chairman David Chukwudifu Accused of Greed, Malpractices

May 6, 2026
EYT: UK-Trained Engineer Debbie OMOLOLA, industry leaders push practical training, global edge for Nigerian Engineers

EYT: UK-Trained Engineer, Industry Leaders Push Practical Training, Global Edge for Nigerian Engineers

May 5, 2026
ZENITH BANK CROSSES N1 TRILLION MARK IN Q1 2026 GROSS EARNINGS

Zenith Bank Exceeds N1 Trillion Mark In Q1 2026 Gross Earnings

May 5, 2026
How We Smashed Sales Despite Early Fears at GTCO Festival — Vendor 

How We Smashed Sales Despite Early Fears at GTCO Festival — Vendor 

May 4, 2026
Emirates Restores 96% of Global Destinations 

Emirates Restores 96% of Global Destinations 

May 4, 2026
Zobo or Sorrel: American Chef Camari Mick Reimagines Nigerian Classic at GTCO Food

Zobo or Sorrel? American Chef Camari Mick Reimagines a Nigerian Classic at GTCO Food

May 4, 2026
TYO National Competition Promotes Oratory, Critical Thinking Skills

TYO National Competition Promotes Oratory, Critical Thinking Skills

May 4, 2026
SMEs, Attendees Applaud Visibility, Experience at GTCO Food Festival 

SMEs, Attendees Applaud Visibility, Experience at GTCO Food Festival 

May 3, 2026
Media Award

August24news Publisher Bags Media Personality Award in Lagos

May 2, 2026
GTCO Food and Drink Festival 2026: World’s Best Vegetable Chef Begona Rodrigo highlights Mediterranean cuisine in Lagos

GTCO Food & Drink Festival 2026: World’s Best Vegetable Chef, Begona Rodrigo, Showcases Mediterranean Cuisine in Lagos

May 2, 2026
Sunday, May 10, 2026
  • Login
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
No Result
View All Result
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
Home News

Navy queries NNPC’s claim of 200,000 barrels of crude oil stolen daily

by Jam theconscienceng
August 31, 2022
in News, Featured
0
Education
Share on FacebookShare on Twitter
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share

Crude oil

Crude oil Navy queries NNPC’s claim of 200,000 barrels of crude oil stolen daily

In contrast to the backdrop of recent figures of missing/stolen crude oil put at 200,000 barrels daily by the NNPC Limited, the Chief of Naval Staff (CNS), Vice Admiral Awwal Gambo on Monday said that it is practically impossible for such quantity of crude to be stolen daily, given the deployments of Nigerian Navy Ships and other operational platforms spread across the nations maritime domain.

THECONSCIENCEng reports that the Nigerian National Petroleum Company Limited (NNPCL) and the Ministry of Petroleum had stated the shocking but disputed oil theft figures by which the total estimated quantity of barrels stolen per day at between 200,000 to 400,000 per day.

But, speaking as guest of Channels TV, Vice Admiral AZ Gambo clarified that the data may not have emanated from oil theft alone noting that the government agencies were mistakingly attributing/calculating losses due to force majeure, and shut-ins as part of oil being stolen.

He said, “As much as there is no perfect system, the phenomenon of oil theft and losses must be properly de-conflicted in order to profer lasting solutions to the malaise which is currently bedevilling our economic resources.

“We need to understand the differences between oil theft and of course, oil loss. While oil theft is siphoning crude oil from vandalised pipes into barges, oil losses occur when there is non-production, especially during shut-ins and force majeure as the federal government does not earn the desired revenue it should”.

Crude oil

Explaining further, the CNS said crude oil losses could be as a result of metering errors on the operating platforms, while the volume of crude oil shut-ins from non-production are often added to oil theft data instead of accounting for them as oil losses by the authorities.

“This should not be. Some sources also claim that about 20,000 to 200,000 barrels per day are being considered stolen. Most of these claims are definitely outrageous and they are unrealistic,” he insisted.

While maintaining the fact that it is practically impossible to steal such volume of oil without being detected, Admiral Gambo said, “Let us even briefly analyse this. For instance, 100,000 barrels of crude oil is equivalent to 15,800,000 litres of crude, which requires a five-ton barge making 3,160 trips per day to convey this product out of the creeks.

“How do you pass the estuaries with this? So, let’s assume now you even have many barges because of the time required to carry out this product. That means you entirely close the navigable waters heading out to sea, through the estuaries, to embark them or to transit them into a mother vessel that will eventually take them out of the country.

“Of course, this is most unlikely considering the heightened presence of security agencies in the maritime environment as well as the launch of the subsisting operations by the Nigerian Navy, including of course, the deployment of the maritime domain awareness facilities”.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp
READ MORE:  UBA Leads $1.5 billion Investment Funding for Nigeria's Petroleum Industry

Like this:

Like Loading...

Related

Tags: Crude oilNigerian NavyNNPC
ShareTweet
Previous Post

FG to borrow N11trn to finance 2023 budget deficit

Next Post

Lifting 100m Nigerians out of poverty: FG’s project T-MAX kicks off in Lagos

Jam theconscienceng

Jam theconscienceng

Related Posts

Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit
Business

Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit

by TheConscience NG
May 7, 2026
FG Bans 'Dr' Title for Honorary Degree Holders
News

FG Bans ‘Dr’ Title for Honorary Degree Holders

by TheConscience NG
May 7, 2026
FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 
News

FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 

by TheConscience NG
May 7, 2026
Goodmus Learning Begins Global GCA Certification in Lagos
News

Goodmus Launches GCA in Lagos, Begins Global Competence Certifications

by TheConscience NG
May 6, 2026
Crime/General

Obi’s Entry Sparks Firestorm in Anambra NDC As Chairman David Chukwudifu Accused of Greed, Malpractices

by TheConscience NG
May 6, 2026
EYT: UK-Trained Engineer Debbie OMOLOLA, industry leaders push practical training, global edge for Nigerian Engineers
News

EYT: UK-Trained Engineer, Industry Leaders Push Practical Training, Global Edge for Nigerian Engineers

by TheConscience NG
May 5, 2026
Next Post
Inflation

Lifting 100m Nigerians out of poverty: FG's project T-MAX kicks off in Lagos

No Result
View All Result

Recent Posts

  • Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit
  • Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz
  • FG Bans ‘Dr’ Title for Honorary Degree Holders
  • FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 
  • Goodmus Launches GCA in Lagos, Begins Global Competence Certifications

Get the latest news on the go!

Enter your email address

© 2025 TheConscience NG

TheConscience NG

  • About
  • Contact Us
  • Privacy-Policy
  • Terms and Conditions
  • TheConscienceNg.com | Breaking & Verified Nigerian News on the go!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
Subject:
Message:
Ajax loader
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech

© 2025 TheConscience NG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share with friends
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
%d