Vessel seized in E. Guinea spotlights oil theft in Nigeria
The reported seizure of a 3-million-barrel-capacity oil tanker in Equatorial Guinea suspected to be carrying stolen Nigerian crude is validating assertions by industry operators that crude theft has morphed into an organised crime with security agencies and host communities complicit. At the current global oil price of around $100 a barrel, BusinessDay analysis shows that […]
read more Vessel seized in E. Guinea spotlights oil theft in Nigeria