Tuesday 21 May 2013

UNITED KINGDOM, UNITED STATES TO ASSIST NIGERIA ON CRUDE THEFT



The United Kingdom (UK), United States (US), have indicated their interest to assist Nigeria curb the menace of crude oil theft, which President Good luck Jonathan has described as “Blood Oil”.
The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, made the announcement at a lecture titled “The Future of African Energy in a changing World”, delivered on Sunday at St. Anthony’s College in Oxford University, England.
I must say that both the British and the US governments have been in discussions with us and are keen to join hands with us to fight this menace. “The global community is on track and already geared up and we are working to put in place, a strategic platform that will involve us all and enable us track and finger print stolen crude,” Alison-Madueke said.
She said that crude oil theft and vandalism were being executed on a professional scale beyond petty stealing. “It is therefore, clear that this crude is being taken to refineries outside the shores of West Africa”.

According to her, proceeds from stolen crude are being passed through fiscal institutions beyond the African continent and the monies are laundered by fiscal entities. “It has therefore; become necessary to tackle this issue globally as it is perpetrated by powerful cabals and experts”.
The minister also said that governments in the Niger-Delta were collaborating with service chiefs to sensitize the affected communities on the dangers of illegal refineries on the environment. Other issues addressed by the Minister include Petroleum Industry Bill (PIB) and global politics of oil where she stressed the need to give emerging economies more support. It is better to invest in these economies, import their gas and oil rather than give out charity and donations to them.
‘Basically if Africa itself is not stable and if its’ teeming youth population are not gainfully employed, then they obviously pose an inherent threat to social security and stability in the world,” she said.
Meanwhile, wife of former UK’s Prime Minister Tony Blair, Mrs Cherie Blair, in an interview with the News Agency of Nigeria, commended the Minister of Petroleum Resources, Alison Madueke, for her detailed lecture on the oil sector of Nigeria.
Blair said the Petroleum Industry Bill when passed into law would be beneficial to companies with investments in the sector and crucial to Nigerians.
Should the PIB be passed into law? Would the bill create an enabling environment and make it possible for the multinationals, marginal field operators, the independents as well as the indigenous and local content service providers to get a fair share too? I leave it to you…….

No comments: