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This is an archive article published on March 5, 2013

Shell calls for urgent action against oil theft in Nigeria

Oil giant Shell today raised alarm over unprecedented oil theft in Nigeria,particularly related to the sabotage of one of its key pipelines,and called for urgent action to address the problem

Oil giant Shell today raised alarm over unprecedented oil theft in Nigeria,particularly related to the sabotage of one of its key pipelines,and called for urgent action to address the problem.

The comments are the latest from the industry over the problem of oil theft,which has been estimated to cost Nigeria,Africas biggest oil producer,some 6 billion per year.

We have now witnessed a significant upsurge in the activities of crude oil thieves, Mutiu Sunmonu,managing director of Shells Nigeria division SPDC,said in comments distributed by the company.

The situation in the last few weeks is unprecedented. The volume being stolen is the highest in the last three years over 60,000 barrels per day from Shell alone.

The Anglo-Dutch company,Nigerias biggest producer,said in a statement that its key Nembe Creek Trunkline in the countrys south had been hit repeatedly between February 22 and 25,causing temporary cuts of 150,000 barrels per day.

Nigeria currently produces around two million barrels per day,but suffers widespread spills due to pipeline sabotage. Sunmonu said he could not rule out shutting down the pipeline if such activity continued.

 

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