Nigeria’s oil production faces a new threat – Report
Two crude types are currently being blended to produce a cheaper Nigerian crude lookalike and this has reduced demand for ...
Tag: Oil theft
UN says oil theft, production decline, high debts are threats to Nigeria
A United Nations report has highlighted oil theft, declining oil production, and debt as threats to Nigeria's economy.
Ghosts behind oil theft in Nigeria and price of inaction
According to Nigeria's Budget Office, government oil earnings through November were only about half what was expected, despite higher oil ...
Oil theft, fuel subsidy, foreign education, cancers facing the Naira
In the face of declining foreign exchange inflows and declining oil production, the naira fell to a record low against ...
PENGASSAN warns of strike, says members are losing jobs over increasing oil theft
PENGASSAN has warned that increasing oil theft is forcing its members to lose jobs in Nigeria’s oil servicing industry.
Petroleum minister, Timipre Sylva, says Nigeria loses 400,000 barrels per day to oil theft
The Minister of State for Petroleum Resources, Timipre Sylva has revealed that Nigeria is losing 400,000 barrels per day to ...
Shell to protect its Nigerian pipelines from oil thieves with drones
Shell has revealed that it has signed a contract for drone acquisition to protect its pipelines in the Niger Delta ...
NNPC advocates for special courts to prosecute oil thieves, pipeline vandals
The NNPC chief has stated that there is a need to set up special courts to try and prosecute crude ...
Nigeria’s oil theft: How to curb it
With organized criminal gangs making off with billions in stolen crude, Africa's richest economy faces its worst oil crisis in ...
Nigeria lost $2.78 billion to oil theft, pipeline sabotage, a drop by 21%
There was a significant reduction of 21% from the previous year, where 53.28 million barrels were lost.
