oil theft

  • Nigerian Renewed Crackdown on Oil Theft

    Nigerian Renewed Crackdown on Oil Theft

    Sunday, 18th September 2016
    The Nigerian Navy arrested 11 suspected oil thieves and destroyed 13 ‘Cotonou boats’ laden with suspected stolen crude oil.
  • Nigerian Crude Production Declined by 700,00b/d

    Nigerian Crude Production Declined by 700,00b/d

    Tuesday, 30th August 2016
    Pipeline vandals and oil thieves have lost Nigeria 560,000 barrels of crude to the refineries as feedstock and 109m litres of petroleum products between January and May 2016. The country's national budget was based on 2.2mb/d of crude oil production, but pipeline vandalism has resulted in a reduction of 700,000b/d of oil.
  • Mexico’s Crude Price Fall amid Oil Pipeline Theft

    Mexico’s Crude Price Fall amid Oil Pipeline Theft

    Sunday, 7th February 2016
    Mexico saw prices of its crude fall to $24.47 a barrel in February. The country is also facing a severe oil pipeline theft problem.
  • Nigeria Convicts Nine Asians of Oil Theft

    Nigeria Convicts Nine Asians of Oil Theft

    Thursday, 17th December 2015
    Nigerian Federal High Court based in Lagos convicted five Filipinos and four Bangladeshis for stealing 3,423,097 metric tons of crude oil from Nigeria.