The Senate Adhoc Committee on oil theft is currently in Port Harcourt, the Rivers state capital to carry out some assessment due to the alarming rate of oil theft.
The Senate is worried by the dwindling oil revenue in the country caused by activities of oil thieves and pipeline vandalism in the Niger Delta region.
According to reports, the Adhoc Committee led by its Chairman, Senator Bassey Akpan is expected to visit all oil facilities in the Niger Delta in the company of officials of the Nigerian Upstream Petroleum Regulatory Commission.
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This visit is coming after 4days of a national protest by members of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASAN demanding action from government and stakeholders due to the economic havoc caused by oil thieves.
According to the data from the Nigerian Upstream Petroleum Regulatory Commission, Nigeria’s oil production fell below 1million barrels per day which is the lowest daily output in 25years.
Senator Bassey Akpan who spoke to newsmen in Port Harcourt noted that the committee would ensure that oil producers adhere strictly to the regulations.
The committee hopes to unravel other reasons behind the short fall in oil production which would form a basis of recommendation to the National Assembly.