Oil Thieves Steal $1.5 Billion Yearly in Nigeria
A director of the Shell Petroleum Company in Nigeria revealed at a conference that oil theft is costing the company and the country tremendously.
“Even with low oil prices, the (Nigerian) government loses between $1 billion and $1.5 billion every year to crude theft,” Mutiu Sunmonu said at the Abuja conference. Nigeria is one of the top producing oil nations in the world with hundreds of miles of oil pipes used for transporting crude.
