Author Nigeria on crude oil theft  (Read 816 times)

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Nigeria on crude oil theft
« on: May 21, 2013, 10:34:12 PM »
UK, U.S. to assist Nigeria on crude oil theft
about 2 days ago


THE United Kingdom (UK) and United States (U.S.) have indicated interest to assist Nigeria curb the menace of crude oil theft, which President Goodluck Jonathan has described as “blood oil”.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, made the announcement at a lecture entitled: “The Future of African Energy in a Changing World,” delivered on Sunday at St. Anthony’s College in Oxford University, England.

“I must say that both the British and U.S. Governments have been in discussions with us and are keen to join hands with us to fight this menace.

“The global community is on track and already geared up and we are working to put in place a strategic platform that will involve us all and enable us track and fingerprint stolen crude,’’ Alison-Madueke said.

She said that crude oil theft and vandalism were being executed on a professional scale beyond petty stealing.

“It is, therefore, clear that this crude is being taken to refineries outside the shores of West Africa.’’

According to her, proceeds from stolen crude, are being passed through fiscal institutions beyond the African continent and the monies are laundered by fiscal entities.

“It has therefore, become necessary to tackle the issue globally as it is carried out by powerful cabals and experts.’’


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Nigeria on crude oil theft
« on: May 21, 2013, 10:34:12 PM »


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