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Tag: oli theft

Oil and Gas

Nigeria may lose $23bn to crude oil theft

The National Security Adviser, Major General Babagana Monguno, has warned the Federal Government of an impending loss of about $23 billion in 2023 if the menace of crude oil theft persists in the country.   Monguno gave this warning on Tuesday, at the inauguration of a special investigation panel set up to check crude oil […]

Oil Theft: Nigeria loses $150m every two days
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Why oil theft estimates are unrealistic- Navy

The Chief of Naval Staff, Vice Admiral Awwal Gambo has revealed why figures of stolen crude oil which have been made available to the public are unrealistic. Gambo made the disclosure on Monday during an interview on Channels Television while reacting to recent reports of stolen crude oil ranging from 20,000 to 200,000 barrels per […]