Nigeria to Implement Saudi Aramco’s Oil Security Architecture

Nigeria is implementing a security infrastructure similar to that of Saudi’s Aramco to protect its oil pipelines, according to the head of the nation’s state-owned energy company.

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(Bloomberg) —

Nigeria is implementing a security infrastructure similar to that of Saudi’s Aramco to protect its oil pipelines, according to the head of the nation’s state-owned energy company.

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The new security architecture will be unveiled soon and will help stop massive oil pipeline vandalism that has resulted in the country losing 30% of produced volumes to crude thieves, Mele Kyari, the chief executive officer of the Nigerian National Petroleum Company, said on Tuesday in Abuja, the nation’s capital.

Africa’s biggest oil producer has been unable to meet its OPEC quota since the beginning of this year due to rampant theft and vandalism. Output fell to 1.43 million barrels a day in the three months through June, the lowest quarterly production since 2016, according to the nation’s statistics agency.