Teaching Comparative Government and Politics

Wednesday, May 23, 2012

More leaks in the oil pipeline

It may be that losses of valuable resources begin before the well-known corruption even starts. (From Leadership in Abuja.)

Country Lost Over U.S. $7 Billion to Oil Theft in One Year - Alison-Madueke
Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has disclosed that while huge amount of dollars has been [spent] in the last one year on pipeline repairs, a record volume of crude valued at $7billion has been lost to crude theft via illegal bunkering within the same period…
The Team which was created at the end of a round table on the Nigerian Oil and Gas Industry convened by the Minister of Petroleum Resources is made up of personnel from the oil industry and the Military as well as the Police Force... 

The minister, in a statement issued yesterday, decried the menace of oil theft, said the new understanding will strengthen partnership with leadership of security agencies in curbing the problem…

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