Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta.
The company attributed the loss to daily attacks on its pipelines by suspected crude oil thieves and vandals.
“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. He further said its pipelines were breached by vandals 111 times in 2018 alone resulting to oil spills in the Niger Delta.“We are concerned about the lives and safety of those involved in pipeline vandalism and crude oil theft as well as the environment.
He said despite the attacks on its facilities, the company had spent billions to fund projects in the communities it operates.
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