The Centre for Energy Governance and Accountability (CEGA) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for securing federal government approval of 37 new crude oil evacuation routes as part of a broader strategy to curb oil theft, deepen Read More
Oil theft eases despite $25.7b losses in 23yrs as operators turn to barges
Nigerian elites and their international collaborators may have stolen over $25.7 billion crude oil in the past 23 years, fueling poverty, revenue shortfall and public debt, which currently stands at N149.4 trillion. The post Oil theft eases despite $25.7b losses Read More
‘Oil theft major cause of high cost of crude production’
Anthony Adegbulugbe is a professor of energy planning and management as well as the Chief Executive of Green Energy International Limited. The post ‘Oil theft major cause of high cost of crude production’ appeared first on The Guardian Nigeria News – Nigeria and World News. Powered by Read More
Aiteo, Oando blame host communities for oil theft, pipelines vandalism
Multinational oil giants Aiteo and Oando have blamed host communities in the oil-rich Niger Delta region for the recurring incidents of oil theft and pipeline vandalism. Officials of the oil firms expressed their concerns Tuesday before the Mr. Julius Pondi-led Read More
NNPCL seeks action on oil theft threatening Nigeria’s economy, security
The Nigerian National Petroleum Corporation (NNPC) has raised the alarm over the growing issue of oil theft, calling it a major threat to Nigeria’s economic stability and security. The corporation outlined its ongoing challenges, including oil theft, emphasizing the urgent Read More
Oil theft: NNPCL wants special court to curb $8.4bn annual loss
The Nigerian National Petroleum Company Limited (NNPCL) on Thursday demanded a special court to halt crude oil theft in Nigeria. The national oil company is also asking for a speedy resolution of offenses related to vandalism and stealing of crude Read More
Stakeholders worry over crude theft, allege compromise
Stakeholders have raised concerns over the growing rate of crude oil theft in Nigeria, insisting that dealing with such a problem should not be rocket science as being painted in the country. The post Stakeholders worry over crude theft, allege Read More