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Business News of Friday, 24 September 2021

Source: punchng.com

Stop oil leakages in N’Delta - Reps tell Agip

The photo used to illustrate the story The photo used to illustrate the story

The House of Representatives has called on Nigerian Agip Oil Company to end leakages of petroleum products from its pipelines.

The call was sequel to the unanimous adoption of a motion at the plenary on Thursday titled ‘Urgent need to curb the oil and gas pipeline leakages in the Niger Delta region’.

The House particularly called on the NAOC to ‘immediately ensure stoppage of the dangerous trend so as not to endanger the lives and property of students and academic activities of the institution’.

Also, the lawmakers called on the company to ‘investigate and unravel the immediate and remote causes of the leakage to avert future occurrences of the release of hazardous substances to the environment’.The parliament further called on the National Oil Spill Detection and Response Agency to ‘immediately visit the affected area and liaise with the company to stop the flow from the pipelines to the neighbourhood.

Sponsor of the motion, Lucky Nnam-Obi, noted that the oil and gas industry was one of the major hubs of economic activities in Nigeria, accounting for a high percentage of the country’s exports since independence.

He added that oil pipelines constituted crucial means of transporting crude oil in the country and were, therefore, strategically important to oil production.According to the lawmaker, with the Petroleum Industry Act, a substantial percentage of the pipelines were owned by international oil companies, including NAOC.

He said, “The Nigerian Agip oil Company owns pipelines passing through the Federal College of Education (Technical), Omoku, Rivers State.“The institution has been facing severe environmental pollution rising from leakages of the oil pipeline and gas as well in the school premises causing tension and danger to students and citizens alike.”He added that the leakages were a combination of failure of equipment and the handiwork of vandals.