Africa Daily
Africa Daily
Why is so much oil being stolen in Nigeria?
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14 July 2023
Available for over a year
Nigeria's state-owned oil company says an oil tanker capable of carrying 800,000 litres of smuggled crude has been intercepted offshore while heading to Cameroon.
Nigeria's state-owned oil firm said the oil had been stolen from a well in the south-western state of Ondo.
As dramatic as this finding was, it is just a fraction of the oil being stolen in Nigeria.
So, what is behind it?
