The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has developed key initiatives aimed at reducing crude oil theft and illegal artisanal refining. Gbenga Komolafe, chief executive officer, NUPRC, said
Tag "crude oil theft"
There is an interesting oil industry legend on crude oil theft! During a particular peak of the theft, the government observed that as the oil revenue of the country and
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the country is unable to meet its production quota due to unwarranted oil theft in the sector. Emefiele said
Oil producers in Nigeria say the negative impact of illegal oil bunkering is eroding gains, calling on the federal government to tackle the menace in the Niger Delta. In a
The Department of Petroleum Resources (DPR) says most incidents of crude oil theft occur from land terminals. Sarki Auwalu, DPR
Some employees of Shell in Nigeria colluded with locals to vandalise pipelines to benefit from the money spent on clean-up
Oil theft has replaced the activities of militants, costing the nation trillions of naira, according to a report by Bloomberg.