Tag: oil theft
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Asari Dokubo Meets President Tinubu, Vows Support to End Oil Theft
In a meeting with President Bola Tinubu on Friday, the Leader of the Niger Delta Peoples Volunteer Force (NDPVF) Asari Dokubo, pledged his commitment to ensuring the success of the new administration, particularly in combating oil theft in the Niger Delta region. Speaking with the media after the meeting at the presidential villa, Dokubo emphasized…
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Oil theft: FG releases seized Norwegian oil tanker after plea bargain
The Nigerian Navy on Sunday returned a Norwegian-registered vessel, MT Heroic Idun, caught attempting to steal Nigeria’s crude oil in August 2022. The navy arrested the oil tanker and its 26 Indian, Pilipino, Sri Lankan, and Polish nationals in August 2022, and later convicted them in court and fined $15 million.
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Reps probe: Malami dismisses involvement in alleged $2.4b crude oil theft
The Attorney-General of the Federation, Mr Abubakar Malami has dismissed his involvement in the House of Representatives Committee investigation alleged oil loss of over $2.4B dollars in oil revenue. The oil revenue is said to be from the illegal sales of 48 million barrels of
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Forensic audit report indicts DPR for Nigeria’s oil loss
Nigeria’s huge oil loss estimated at 600, 000 barrels of crude per day has been a major source of concern to the government and stakeholders, prompting an investigation which has now indicted the Department of Petroleum Resources (DPR). Historically, Nigeria has been the largest exporter of oil in Africa, despite a lack of infrastructure that…
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Oil theft: Nigerian Army recovers 445,000 litres of crude oil
The Nigerian Defence Headquarters says it has recovered 445,000 litres of crude oil, 1.04 million litres of Automotive Gas Oil, 22,000 litres of Premium Motor Spirit (PMS) and 2,000 litres of Dual Purpose Kerosine from oil thieves in the Niger-Delta region. Director of Defence Media Operations, Maj.-Gen. Musa Danmadami, who disclosed this on Thursday while…
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4 startling revelations that shook the oil sector in 2022
The Oil and Gas sector has remained the mainstay of the Nigerian economy despite Government’s best efforts at diversification into Agriculture and Mining in order to manage volatility and provide a more stable path for equitable growth and development. In 2022, Nigerians experienced the results of a supply shock with a tight oil supply and…
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2023: I’ll name, shame oil thieves as president – Atiku
Candidate of the People’s Democratic Party (PDP) for the 2023 presidential election, Atiku Abubakar has said there will be no hiding place for oil thieves and their accomplices if he becomes president.
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Oil Theft: Polish, Indian governments seek access to suspects
Nigerian Government has said it’s ready to grant consular access to foreign countries whose citizens were apprehended and arraigned for oil theft in the country. The foreigners had evaded arrest on Nigerian waters but got apprehended by the Navy in Equatorial Guinea and were later brought back to Nigeria.
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African network lends voice to call for action against oil thieves
The Africa Network for Environment and Economic Justice (ANEEJ), has called on the ongoing 11th Session of the United Nations Convention Against Transnational Organised Crime (UNTOC) in Vienna, Austria to take action to expose and deal with all those connected with oil theft in Nigeria in order to stop the economic haemorrhage. In a statement…
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Kyari claims significant reduction in oil theft as group calls for probe
The Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited (NNPCL) Mele Kyari has claimed that the scale of oil theft in the Niger Delta, following the discovery of several illegal pipes, had significantly reduced. Kyari made the claim during his address on the second day of the PENGASSAN Energy and Labour Summit,…