Agence France-PresseMarch 4, 2013 06:16
Oil giant Shell on Monday raised alarm over "unprecedented" oil theft in Nigeria, particularly related to the sabotage of one of its key pipelines, and called for urgent action to address the problem.
The comments are the latest from the industry over the problem of oil theft, which has been estimated to cost Nigeria, Africa's biggest oil producer, some $6 billion per year.
"We have now witnessed a significant upsurge in the activities of crude oil thieves," Mutiu Sunmonu, managing director of Shell's Nigeria division SPDC, said in comments distributed by the company.
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