Stolen 800,000 Litres of Crude Oil Intercepted By NNPC

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Picture Credit - The BBC.

Nigeria, Abuja, 11 July (Mediaage NG) – State-owned oil company, the Nigerian National Petroleum Corporation (NNPC) said an oil tanker carrying 800,000 litres of stolen crude has been intercepted offshore,while heading to Cameroon.

The oil had been stolen from a well in the south-western Ondo state, according to NNPC.

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It also confirmed that the vessel would be destroyed as a deterrent.

.Oil theft from pipelines and wells in the Niger Delta is a major problem for the Nigerian economy, robbing it of much needed revenue.

According to the BBC, the oil company said that the Nigerian registered tanker had been operating in what it called stealth mode for the last 12 years.

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