News
Oil Production: PENGASSAN Bemoans Evacuation Constraint
Mohammed O. Taoheed reports,
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have declared that oil companies have been coerced to stop production due to evacuation problem and the running out of storage capacity resulting from oil theft and pipeline destruction.
This follows at a time the country was in dire need of growing its oil production in order to benefit from the current high crude oil price hovering around $100 per barrel as well as to boost the nation’s foreign exchange earnings and the economy.
The Chairman of PENGASSAN, Lagos Zone, which is made up of the six South-west states and Kwara State, Mr. Eyam Abeng, said that “production can no longer continue because tanks are filled to the brim.”
Indicating that oil thieves and vandals might soon migrate from their Niger Delta base to Lagos State, Abeng blamed government’s failure to punish identified perpetrators of oil theft and pipeline vandals through consequence management and enforcement of intelligence reports for the persistent of the criminal activity.
PENGASSAN is currently observing its nationwide rally against oil theft and pipeline vandalisation, which it started last week, to prevail on government at all levels and other relevant stakeholders to urgently address the menace.
-
Gist3 days ago
My Boss Used To ‘KNACK’ My Wife After Sending Me On A Mission, To The Extent She Got… – Ex-soldier
-
News4 days ago
Fake Reverend Sister Arrested With 38 Children
-
News2 days ago
Cooking Gas Price Has Fallen
-
Politics3 days ago
Revealed: What Access Bank Said About Its Dealings With Yahaya Bello
-
News2 days ago
Read How Auxiliary Was Whisked Away By Masked Security Agents as Family member Speaks
-
Gist4 days ago
Drama As Married Man Dies After Sleeping With Another Married Woman
-
Sports4 days ago
‘Salah is the most selfish player I have ever witnessed’, says Liverpool legend
-
Politics1 day ago
Atiku Says Tinubu’s Son Is A Director In Company Related To Coastal Road Contract