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Insecurity in Nigeria, with crooked practices in oil and gas industry

Nigeria loses over $20bn to illegal bunkering, oil theft yearly – Presidential aide Nigerian Tribune, 26 March 2012 EVERY year, Nigeria loses about 40 million metric tonnes of petroleum products amounting to about $20 billion (N3 trillion) to crude oil theft and illegal bunkering, Mr Leke Oyewole, a Senior Special Adviser to President Goodluck Jonathan on Maritime Affairs has said….. He said the loss was sequel to sharp practices characterised by numerous leakages, adulteration of products, as well as diversion of refined imported products by some of the players in the upstream and downstream sectors of the oil and gas industry……NIMASA and NPA ought to collaborate to address issues in the offshore operations in the oil industry and mitigate the insecurity arising therefrom…….
http://tribune.com.ng/index.php/news/38181-nigeria-loses-over-20bn-to-illegal-bunkering-oil-theft-yearly-presidential-aide

March 28, 2012 - Posted by Christina Macpherson | Nigeria, safety