Tag
OIL THEFT
The Nigerian Army has announced the arrest of at least 15 suspects over oil theft and illegal oil bunkering activities in the Niger Delta region.
The Nigerian Navy will commence the second phase of Operation Delta Sanity (OPDS II), as the Nigerian government plans to intensify its war on crude oil theft next year.
The Nigerian Navy, under the auspices of Operation DELTA SANITY, has successfully uncovered and destroyed 23 illegal...
Oil companies operating in Nigeria have claimed that members of host communities are responsible for oil theft and pipeline vandalism in the region.
The Nigerian military have confirmed the recovery of about 700,000 liters of stolen crude oil in a week-long operation in the Niger Delta region as part of efforts to eliminate oil theft.
The Nigerian National Petroleum Company Limited (NNPCL) has sought assistance from the Economic and Financial Crimes Commission (EFCC) to combat crude oil theft, highlighting the deterrent effect this crime has on investment in the oil sector.
Oil theft: Military troops recover 1.1 million liters of crude oil in one week in Niger Delta Region
Operation Delta Safe has reported the recovery of 1.1 million litres of Crude Oil over the last week from illegal refinery sites in the Niger Delta Region.
The Nigerian National Petroleum Company Limited (NNPCL) has reported a case of illegal crude oil connection found beneath a tarred road in Rivers State.
Abubakar Momoh, recently held a meeting with former President Goodluck Jonathan to address concerns in the Niger Delta region.
Malam Nuhu Ribadu, has revealed that Nigeria is still losing about 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace.
Two crude types are currently being blended to produce a cheaper Nigerian crude lookalike and this has reduced demand for Nigerian crude.
A United Nations report has highlighted oil theft, declining oil production, and debt as threats to Nigeria's economy.