NIGERIA LOSES N38.8B TO OIL THEFT, PIPELINE SABOTAGE

THE menace of pipeline vandalism and oil theft may have cost the nation about $243 million (N38.8 billion) in 2013, according to the Nigerian National Petroluem Corporation (NNPC).

The Group Managing Director, NNPC, Joseph Dawah, who made this known at an industry event in Abuja recently, said Nigeria lost  $243 million worth of oil products last year from sabotage to the country’s pipeline network

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