“We are calling on government, communities and other stakeholders to stem the incessant attack on our oil assets in the Niger Delta.” Nigeria
Shell Petroleum Development Company of Nigeria Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta.
“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. Weli said that the company had so far discovered and removed more than 1,160 illegal theft-points on its pipelines since 2012. “SPDC puts safety first and have constantly made appeals to those involved to stop destroying their lands and heritage from the spills and pollution arising from their activities.
He said that despite the attacks on its facilities, the company had spent billions to fund projects in the communities it operates.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US court rules in NNPC $2.7bn suit against ESSO, Shell - Daily Post NigeriaU.S. Southern District Court of New York has delivered judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration an
Read more »
How NNPC secured positive judgement against ESSO, Shell in U.S. - Official - Premium Times NigeriaESSO referred its claims to arbitration in Nigeria and obtained an Arbitral Award of $1.799 billion on October 24, 2011.
Read more »
Shell loses 10,000 barrels of oil daily to crude theft – Daily TrustThe Shell Petroleum Development Company of Nigeria Limited says it loses about 10,000 barrels of crude oil to theft daily. Shell General Manager External Relations, Igo Weli, said this in a media engagement in Port Harcourt on Shell Pipeline Right of Way yesterday.ADVERTISEMENT “These are critical national assets with 55 percent government interest and they …
Read more »
Shell loses N202 million daily to vandals, oil thieves – OfficialShell 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.
Read more »
Shell: We Lose N200 Million Daily To Crude Oil Thieves In Niger Delta | Sahara Reporters.Shell: We Lose N200 Million Daily To Crude Oil Thieves In Niger Delta | Sahara Reporters 'Hurting these assets means hurting the nation’s revenue, the economy of the states, the health of the people and the environment.' READ MORE:
Read more »
Shell loses N202 million daily to vandals, oil thieves – OfficialShell 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.
Read more »