Tag: OIL THEFT

Energy

Nine vessels with stolen Nigerian crude oil arrested

Caption: Director/CEO, Department of Petroleum Resources (DPR), Engr. Sarki Auwalu. Nine vessels with stolen Nigerian crude oil have been arrested by the Nigerian Navy in the coast of Niger Delta. The Director/Chief Executive Officer of Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, stated this at an interactive session with […]

Energy

Nigeria lost N62.58bn to oil theft, vandals in 16 months

Nigeria lost over N62.58billion to oil thieves in 16 months, according to the Group Managing Director (GMD) of NNPC, Mallam Mele Kyari. Speaking during an interactive session with Guild of Editors, Kyari stated that NNPC lost about 2.9million barrels of crude oil worth $48.42million (N17,431,200,000 at N360/$) in two months. […]