The shell petroleum Development Nigeria Limited has said it looses 10,000 barrels of oil worth N202 million to Niger Delta thieves per day.
This is coming from the general manager in charge of external relations, Igo Weli.
According to Weli, “These are critical national assets with 55 percent government interest and they produce the crude oil that accounts for over 90% of Nigeria’s foreign exchange and the bulk of government revenue.
“Hurting these assets means hurting the nation’s revenue, the economy
of the states, the health of the people and the environment,” Weli
said.
“SPDC JV is currently losing about 10,000 barrels per day of
oil or N202 million lost daily from its pipelines to crude oil thieves
in the Niger Delta, he added.
“This is a reduction from the loss of around 11,000 bpd in 2018 and
about 9,000 bpd of oil lost daily in 2017.”
