AIRLINK 74.60 Decreased By ▼ -0.65 (-0.86%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 33.00 Increased By ▲ 0.47 (1.44%)
DGKC 88.90 Decreased By ▼ -1.45 (-1.6%)
FCCL 22.55 Decreased By ▼ -0.43 (-1.87%)
FFBL 32.70 Decreased By ▼ -0.87 (-2.59%)
FFL 9.84 Decreased By ▼ -0.20 (-1.99%)
GGL 10.88 Decreased By ▼ -0.17 (-1.54%)
HBL 115.31 Increased By ▲ 0.41 (0.36%)
HUBC 136.63 Decreased By ▼ -0.71 (-0.52%)
HUMNL 9.97 Increased By ▲ 0.44 (4.62%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.70 No Change ▼ 0.00 (0%)
MLCF 39.70 Decreased By ▼ -0.84 (-2.07%)
OGDC 138.96 Decreased By ▼ -0.79 (-0.57%)
PAEL 26.89 Decreased By ▼ -0.76 (-2.75%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 122.74 Decreased By ▼ -2.56 (-2.04%)
PRL 27.01 Decreased By ▼ -0.54 (-1.96%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.47 Decreased By ▼ -2.38 (-3.85%)
SNGP 71.15 Decreased By ▼ -1.83 (-2.51%)
SSGC 10.44 Decreased By ▼ -0.15 (-1.42%)
TELE 8.65 Decreased By ▼ -0.13 (-1.48%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.13 Decreased By ▼ -1.47 (-2.21%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,819 Increased By 16.2 (0.21%)
BR30 25,577 Decreased By -238.9 (-0.93%)
KSE100 74,664 Increased By 132.8 (0.18%)
KSE30 24,072 Increased By 117.1 (0.49%)

nigeria oilABUJA: Oil thieves opened fire on a boat carrying workers for the state oil firm in Nigeria over the weekend, killing three engineers, the company said on Monday.

The engineers had been dispatched to try to repair damage to a pipeline carrying petroleum products that the thieves had hacked near Lagos in the southwest, a statement from the Nigeria National Petroleum Corporation (NNPC) said.

The engineering crew managed to switch off petrol going to the punctured pipeline but when they tried to get access to the site to assess the damage, they were fired upon, it added.

"Nigerians need to identify with the NNPC and recognise that it is our collective responsibility to work towards securing the nation's oil installations," spokesman Fidel Pepple said.

Most oil theft from Africa's top producer targets crude pipelines in the oil-producing Niger Delta, a major complaint from oil companies and the finance ministry, which loses up to a fifth of its revenue from thieves breaking into pipelines in operations known as "bunkering".

But thieves also target product pipelines from time to time.

Thanks to a political amnesty in 2009, militancy has fallen dramatically since the last decade, when attacks on oil installations at times shut down up to half of Nigerian output.

But oil theft remains rampant and is on the rise, often leading to ruptured pipelines that spew oil into the delta's fragile wetlands environment.

Copyright Reuters, 2012

Comments

Comments are closed.