Friday, July 15, 2011

Theft of Nigerian oil

14 July 2011

Editor Opinion

IT barely came as a surprise that Nigeria is losing 300,000 barrels of crude oil per day to theft. If anything, it was a confirmation of long held fears that the plundering of this national resource has risen in recent times. Dr. Emmanuel Egboga, former Special Adviser to the President on Petroleum Matters who made this disclosure recently, pointed out that despite the efforts of the Federal Government to contain the illegal diversion of oil in the Niger Delta, the trade in stolen oil by criminal cartels with international connections has continued unabated.  He explained that this illegal trade was particularly debilitating and is happening at a time when the Department of Petroleum Resources (DPR) is sounding a note of warning that the country’s oil reserves were dwindling.

No comments:

Post a Comment