Video: Oil theft on the rise in Nigeria part of Nigeria: Shell Stops 150,000 Barrels Export Over Crude Theft Fire

Video Related To: Nigeria: Shell Stops 150,000 Barrels Export Over Crude Theft Fire

Bonny : Nigeria | over 1 year ago
Bonny Trunkline after a fire outbreak in the early hours of yesterday . The company said in a statement yesterday that a burning vessel, thought to be involved in the theft of crude oil...
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Oil theft on the rise in Nigeria

A sophisticated criminal network has stepped up its operations in Nigeria's Bayelsa State costing state and oil companies as much as a billion dollars per month. Royal Dutch, Shell Oil Company's Nigerian subsidiary, says that between 150000 and 180000 barrels of oil are stolen daily from its pipelines and wells. Government estimates are twice this amount. The trade in stolen oil involves international traders who provide oil at discounted prices to refineries in other parts of the world. And as Al Jazeera's Mohammed Adow exclusively reports from Bayelsa State, the impact of oil theft on the environment is devastating.
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