CRUDE OIL THEFT (2) The conspiracy that robs Nigeria of billions of dollars
By Emma Amaize, Regional Editor, South-South,Sam Oyadongha, Yenagoa & Jimitota Onoyume, Port Harcourt How barons, military personnel, govt officials, IOC’s bleed the nation The fear over 2013 revenue target This is the concluding part of the investigative story on how members of a powerful cabal continue to conspire, robbing in the process, Nigerians of billions of dollars. It is very revealing but also represents a narrative on how mis-governance inspired by greed makes a mockery of the nation. Production projections NNPC said after repair works on the Nembe Creek Trunk Line, which has a daily capacity of 150,000 bpd, “daily average crude oil production is expected to increase to 2.50 m/bpd which will exceed the national daily target of 2.48 m/bpd.” It added, “Our expectation is to increase production from the 2.48 to 2.55 m/bpd (both crude and condensate) for the rest of the year. We have the capacity and potential to maintain production above 2.55 m/bpd in the country. “All that...