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Shell raises alarm over crude oil theft in southern Nigeria

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July 15 (Xinhua) — The Shell Petroleum Development Company (SPDC) of Nigeria has expressed concerns over the increasing cases of organized theft of crude oil in the Niger Delta region of the country.

“The company lost 12.58 million barrels of crude oil from December 2011 to June due to illegal bunkering,” Mesh Maichibi, the company’s operation manager in southeast Nigeria’s Rivers State said in Port Harcourt, the state capital on Saturday.

“Out of the number, 1.44 million barrels were deferred due to low pressure on the trunk line caused by trip-offs during the illegal bunkering activities,” Maichibi said.

The Shell official added that the crude oil theft on the facilities has increased recently. (Xinhua)

Written by
LUKE MULUNDA -

Managing Editor, BUSINESS TODAY. Email: [email protected]. ke

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