06 October 2013

£1bn a month: the spiralling cost of oil theft in Nigeria

Well, it had to be going on, given that duty is so high that duty evasion has become very profitable. This article accuses all the players of being involved: the military, the oil companies, the refineries. Didn't Europol suggest that oil refineries were being bought by organised crime in last year's report? It seemed odd at the time, but no there are allegations of supply for such refineries. Similar things happening in Syria, probably Libya too. Get that solar power technology moving!

No comments: