Nigeria Loses 70,000 Barrels of Crude Oil to Theft, Daily

SHELL Petroleum Development Company (SPDC) has disclosed that Nigeria loses up to 70,000 barrels of crude oil daily to crude oil theft, adding that the incidence impacts on the country’s reputation adversely.

Mr. Basil Omiyi, SPDC’s Managing Director made the disclosure while speaking with the Vanguard in Port Harcourt after the official hand-over of Marginal Fields to successful ‘Farmees’, noting that there was the need to stem the incidence of crude oil theft.

AllAfrica