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ABUJA, Nov 17 (Reuters) - Sustained economic sabotage by
vandals on Nigeria's oil-exporting Nembe Creek Trunk Line (NCTL)
has led to significant losses in production, operator Aiteo said
on Sunday.
Nigeria, Africa's biggest crude oil producer, is accustomed
to attacks on oil pipelines. Sabotage in the oil-producing Niger
Delta region in 2016 cut Nigeria's crude output from a peak of
2.2 million barrels per day (mbpd) to near 1 mbpd, pushing the
OPEC member into its first recession in 25 years.
The NCTL, one of two that exports Bonny Light crude oil, has
been shut down more than once this year. It was shut down due to
a fire in April, and placed under force majeure in September.
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"The disruptions that these attacks have brought about has
led to direct, irretrievable and significant losses in
production and consequently has created revenue deficits that
directly impact all the stakeholders," Aiteo said in a
statement.
"By virtue of this level of sabotage, the NCTL has been shut
down for 61 days this year alone, constituting 83% cause of
downtime in this year only," it said.
It added that over the last four years, more than 200 shut
down days had been recorded.