March 16, 2014 4:40:34 pm
The Nigerian Navy says it destroyed 260 illegal oil refineries and burned 100,000 tons of contraband fuel to try to halt oil thefts bedeviling the economy of Africa’s biggest petroleum producer.
Commanding officer Capt. Musa Gemu said sailors of the NNS Delta destroyed the refineries in the Warri South-West area of
southern Delta region on Friday night and arrested five suspects. He spoke last night.
Similar missions in the past have failed to slow estimated daily thefts of 200,000 barrels worth more than USD 20 million. Critics and analysts say most is stolen by politically-connected criminal cartels for sale on the international market.
The small-time criminals targeted in such attacks can reconstruct crudely built sites in days. Shell Nigeria, the biggest operator, says it lost USD 1 billion to oil thefts in 2013.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.