The Federal Government as well as local and international oil companies (IOCs) operating in the country lose an estimated $7 billion (N1.05 trillion) to oil theft annually, the International Energy Agency (IEA), an energy policy advisor to the industrialised countries, has said.
Nigeria: Nigeria Loses U.S.$7 Billion Annually to Oil Theft
This Day (Lagos), 14 November 2012
The Federal Government as well as local and international oil companies (IOCs) operating in the country lose an estimated $7 billion (N1.05 trillion) to oil theft annually, the International Energy Agency (IEA), an energy policy advisor to the industrialised countries, has said.
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