Illustrative picture of a pipeline
Fresh concerns have emerged over the proposed sale of a 40 per cent stake in the Amukpe–Escravos Pipeline, with calls on the Federal Government to halt the process.
This comes amid growing concerns over the asset’s valuation and the possible impact on investor confidence in Nigeria’s oil and gas industry.
A public affairs analyst, Prof. Okey Ikechukwu, called for the immediate suspension of processes relating to the proposed sale of the 40 per cent stake in the Amukpe–Escravos Pipeline, warning that proceeding with the transaction under the current terms would amount to a giveaway of a strategic national asset.
The pipeline, which runs from Amukpe in Delta State to the Escravos export terminal in Warri, is jointly owned by Pan Ocean Oil Corporation, which holds 40 per cent, and NNPC Exploration & Production Limited, which controls the remaining 60 per cent. The asset, with a capacity of about 160,000 barrels per day, has become a strategic crude evacuation route in the western Niger Delta since it became operational in 2022.
