Posted on 07/05/2011 3:44:55 PM PDT by chemicalman
Shell Petroleum development Company of Nigeria (SPDC) has linked the rampant cases of crude oil theft in the Niger Delta to international criminal network, and called on all stakeholders to take urgent steps to check the dangerous trend.
According to SPDC, sabotage and crude oil theft was the cause of 22,310 barrels spilled from its facilities in 112 incidents in 2010, representing an average of about one spill every three days.
However, 5,270 barrels was due to 32 operational problems, arising from equipment failures recorded during the period.
Chairman of Shell Companies in Nigeria and Managing Director of SPDC, Mr. Mutiu Sunmonu, said in a remark at an oil and gas event in Lagos at the weekend that the company's operation in the Niger Delta is increasingly facing various acts of sabotage.
"We do have crude oil theft - those interested in stealing crude from our Niger Delta operation and they have a great network - international network for crude theft; and that needs to be checked. We also have sabotage, where people deliberately damage our facilities to generate contract out of the damage and that also needs to be checked. We do have people, who steal pipelines - they harvest pipes and that needs to be checked. There are also people, who cause spills because they want to make claims as a result of spills that affect them; which they caused," he said.
(Excerpt) Read more at tmcnet.com ...
dat’s racist
rampant cases of crude oil theft in the Niger Delta
Well, at over $100 a barrel, a person could earn a year’s salary (in Nigeria pay scale) with 5 or 10 barrels.
I might remind SHELL OIL (like they would listen....ha ha) that people steal from WALMART as well. The scale of the alleged thefts doesn’t seem way out of proportion.
“I might remind SHELL OIL (like they would listen....ha ha) that people steal from WALMART as well.”
I might remind FReepers that theft is theft. Whether from a Corp or individual.
Capital stolen from an individual or Corp hurts everyone who is the pipeline.
From the merchant losing the product to the end user receiving the product.
The merchant loses the replacement value of the product. The end user pays a higher premium for the product due to loss.
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