Nigeria's foremost Online Energy News Platform

Since harmonised PIGB was passed by NASS

Timipre Sylva, Mele Kyari to discuss crude theft at NEITI’s policy dialogue

Timipre Sylva, the minister of state for petroleum resources, and Mele Kyari, the group managing director of the Nigeria National Petroleum Corporation (NNPC) will lead the conversation at the upcoming dialogue on combating crude oil theft and petroleum products losses in Nigeria.

The dialogue, which is organised by the Nigeria Extractive Industries Transparency Initiative (NEITI), will hold on Tuesday at the Transcorp Hilton in Abuja.

NEITI said the decision to convene the dialogue is informed by its recently published report which disclosed that Nigeria lost $41.9b between 2009 and 2018 to crude oil theft and product losses.

Godwin Obaseki, the Edo state governor, who also chairs the national economic council’s committee on crude oil theft, prevention and control, will deliver the keynote address at the event.

The dialogue is designed to feature panel discussions by experts on the subject matter who have been carefully selected across the value chain in Nigeria’s oil and gas industry.

The event will also attract senior officials from key security agencies; oil industry regulator, oil companies; industry unions; and chairmen of national assembly’s relevant committees.

Other participants, excluding Waziri Adio, NEITI’s executive secretary, expected at the event are representatives of relevant government agencies; civil society organizations, media, academia, and development partners.

The outcome of the dialogue is expected to contribute to ongoing efforts by the government to sustainably address the scourge of crude oil and petroleum products theft in Nigeria.

SOURCE: petrobarometer