Multinational oil firms including Shell, Agip and Chevron have complained of increasing rate of oil theft and sabotage of their facilities. Nigeria is estimated to lose about $6 billion annually to oil theft. The theft occurs despite the amnesty granted militants which has seen the federal government spend billions of Naira with some of the militants also securing multi-billion Naira security contracts from both the companies and the government.
By Talatu Usman, 17 July 2013
A vessel mv sea express laden with some 2,500 tones of crude impounded by joint task force in the niger delta, operation pulo shield at okuboto creek in bayelsa state.
Nigeria loses billions of dollars annually to crude oil theft.
The presidency has accused multinational oil companies of complicity in the increased rate of crude oil theft in the Niger Delta.
The Special Assistant to the President on Amnesty, Kingsley Kuku, has said the companies are aware that their Nigerian employees engage in oil theft in the Niger Delta region and do nothing about it. read more
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