Governor Ifeanyi Okowa of Delta State on Tuesday stated that if bombed crude oil export trunkline belonging to Shell Petroleum Development Company (SPDC) is fixed, the current revenue base accruable to the State will shore up and reduce the pains of recession.
The governor made the observation during a quarterly interactive session with media correspondents in the Governor’s Office, Asaba.
According to him, over 250,000 barrels of crude oil is lost per day since the bombing of the crude oil export trunkline in the wake of the resurgence of militancy in the Niger Delta last year.
He said if SPDC could double its effort to quickly fix the damaged trunkline, respite could come the way of the Federal and state governments in the area of revenue generation and allocation.
Okowa also hinted that Delta State suffered the most in the region during last year’s hostilities against oil and gas facilities my militants up to the tune of 80 per cent.
While commending SPDC for embarking on the repairs, the governor urged the oil giant to hasten the work amid the current rising crude oil price at the international market.
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