Nigeria’s oil and gas industry loses N 2 bn/py to corrosion and vandals

May 02, 2005 02:00 AM

Not less than N 2 bn is lost annually in the oil and gas industry, due to corrosion related problems and vandalisation of oil pipelines.
Chairman, Nigerian Corrosion Association, (NCA), Jos Chapter, Engineer Yakubu Muhammed, said this while addressing pressmen on preparations for this year's annual conference of the association.

Muhammed said vandalisation of oil pipelines have become rampant in recent years, because of lack of maintenance, whose resultant effect is corroded pipelines and leakage of petroleum products.
"Corrosion aids vandalisation, we lost N 2 bn annually, especially in the oil and gas sector. In fact, the problem in Nigerian refineries is corrosion, though government spends millions of naira annually on these refineries, yet they are not working efficiently. We have the problem of lack of maintenance and government needs to rise up to the occasion by stemming corrosion.”

Chairman, Local Organising Committee (LOC), of the conference, Dr Shehu Yero, said corrosion is not limited to the petroleum sector, saying other sectors of the economy are being affected by the scourge. He said membership of the association was drawn from different sectors of the economy, saying the main objective of the group is to create awareness on solving corrosion problems in Nigeria.
He said the association is poised to train and retrain corrosion experts, with a view to preventing, controlling and monitoring corrosion in Nigerian industries, with particular emphasis on manufacturing and processing industries.

Source: This Day
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events