According to Kyari, the NNPC has taken down several illegal oil refineries affecting the volume of oil production in the country.
By Jeffrey Agbo
Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC Ltd), Mele Kyari, on Wednesday said his life has been threatened due to the ongoing reforms in the oil sector.
Kyari spoke at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption.
The NNPC boss said the old order has been upturned by the implementation of the Petroleum Industry Act (PIA).
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According to Kyari, the NNPC has taken down several illegal oil refineries affecting the volume of oil production in the country.
Kyari said that as a result of the activities and effect of the illegal refineries, daily crude oil production had reduced by 700,000 barrels.
“Without mincing words, I want to say that this industry is in a threshold of change, there is massive change going on and it is very expensive and of personal cost to many people including myself.
“There is a threat to life, I can say this, I have several death threats but we are not bothered about this, we believe that no one dies unless it is his time.
“But this is the cost of change, when people move away from what they are used to something new that will take away value and benefit from them, they will react.
“That reaction is benefits to all of us and we will work together to make sure it works out,“ Kyari said.
The Speaker of the House of Representatives, Femi Gbajabiamila, said that over six decades, the oil and gas industry has played a critical role in the economy of Nigeria.
According to him, “We are living in a world made possible by income from oil and gas and the fossil fuel industry.”
He, however, said that the world is changing towards a future where the economic value of oil and gas is far diminished from what it used to be.