Nigeria: Accept Realities of PIB, Federal Govt Tell IOCs

20 February 2013

Abuja — Given its inability to reduce the high incidence of crude oil theft and pipelines vandalism in the country, the Federal Government has reached out to the British Government and the international community to assist it in curbing the menace.

An estimated $6billion is lost annually to oil theft and attendant consequences impacting negatively on the economy.

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