Wednesday, 7 January 2015

In Pictures: Tracking oil theft in Nigeria - In Pictures - Al Jazeera English

In Pictures: Tracking oil theft in Nigeria - In Pictures - Al Jazeera English

Oil theft in Nigeria costs the country an estimated $8bn in revenue every year. The level of theft is so high that some multinationals are pulling out, and reducing their onshore presence in the country. 

As a result, Nigeria is now facing its worst oil crisis in years.

The crude oil is refined bunkered on barges and then sent via tankers in the Atlantic to buyers in West Africa, Europe and even Asia.





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