UK help sought to end oil theft

February 20 2013 at 08:00am

Nigeria had asked Britain for help to tackle a multimillion-dollar oil theft business that was run by international crime syndicates, its oil minister said yesterday.

Oil bunkering – hacking into pipelines to steal crude then refining it or selling it abroad – is costing Nigeria a fifth of its 2 million barrels a day output.

“The products from bunkering… are ending up in far flung international fiscal institutions,” Diezani Alison-Madueke said in Abuja.

Anglo-Dutch oil major Royal Dutch Shell, the biggest foreign producer in Nigeria, has been lobbying the British government to help Nigeria to end bunkering, industry sources say. – Reuters

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