PINL Advocates for Ogoni Oil Resumption Amid $226bn Loss

The Pipeline Infrastructure Nigeria Limited (PINL) has expressed support for the resumption of oil exploration activities in Ogoni Land, highlighting a staggering loss of $226.734 billion due to the suspension of crude oil production from 96 oil wells over the past 32 years. During a monthly stakeholders meeting in Port Harcourt, Rivers State, Dr.

Akpo Mezeh, the General Manager of PINL, acknowledged the efforts of President Bola Tinubu's administration to increase oil production and combat oil theft and pipeline vandalism. The company aims to target a production of 500,000 barrels of crude oil daily from the Ogoni area, which has remained inactive since 1993.

Mezeh stressed the importance of community participation and environmental sustainability in the resumption process, emphasizing the need for trust-building and job creation within host communities. PINL has also reported a rise in Nigeria's overall oil production to approximately 1.84 million barrels per day, with a target of reaching 2 million barrels per day.