Nigeria’s Stolen Oil; NEITI Says Metering Can Reduce Volume - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
October 8, 2019
The Nigeria Extractive Industries Transparency Initiative, NEITI has said that Nigeria could reduce the volume of oil stolen from her shores.
NEITIinsisted on, and installing adequate metering infrastructures at various oilproduction fields and flow stations in the oil-rich Niger-Delta.
It explainedat a workshop on metering infrastructure in Nigeria’s oil industry, that thecountry is perhaps the only oil producing dominion where internationaloperators determined her daily oil production volume.
The NEITIExecutive Secretary, Waziri Adio who was speaking at the workshop stated thatexperts in the industry has said the country’s oil metering infrastructure wasadequate, but the agency believed it was not, and decided to commission a studyon the level of capability of the infrastructure.