Nigeria Loses 7 Billion Dollars To Oil Bunkering Yearly

Date: 15-11-2012 6:30 am (11 years ago) | Author: franel
- at 15-11-2012 06:30 AM (11 years ago)
(m)
«§» 15 November 2012

It cited findings that “oil bunkering, or theft, costs the government an estimated $7 billion in lost revenue per year.” By comparison, Nigeria’s annual total budget is around $31 billion.

Theft and sabotage often leads to pipeline damage, causing oil firms to cut output. Shell has been Nigeria’s biggest producer, with major firms such as Exxon, Chevron and Total also present.

Posted: at 15-11-2012 06:30 AM (11 years ago) | Hero
- winace at 15-11-2012 03:57 PM (11 years ago)
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Na today
Posted: at 15-11-2012 03:57 PM (11 years ago) | Addicted Hero
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- Ritabrenice at 18-08-2015 11:10 AM (8 years ago)
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E don tey
Posted: at 18-08-2015 11:10 AM (8 years ago) | Gistmaniac
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