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N7.6b lost to pipeline vandalism

Published by Guardian on Wed, 11 Jul 2012


THE Aba petroleum productsdepot that was shut down seven years agodueto pipeline vandalism between Aba and Port Harcourt was re-opened on Monday with the Managing Director of the Pipeline Products Marketing Company (PPMC), Mr. Haruna Momoh, saying thatN7.6 billion revenue was lost during the shutdown.Haruna said the 33-year-old depot at Osisioma Aba, which comprised 12 storage tanks, had a storage capacity for 103 millionlitres of petroleum products.Group Managing Director of the NNPC, Mr. Andrew Yakubu, said the Federal Government had risen to restore downstream infrastructure by reopeningthe depot, adding that the security of depots ought to be the responsibility of all stakeholders to prevent another shutdown.
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