Royal Dutch Shell Losses to Theft in Nigeria in 2012

As of May 14, 2012, oil company Royal Dutch Shell reported that it was losing up to 43,000 barrels of oil per day in Nigeria to oil theft activities. The company also reported that over three-fourths of oil spills that occurred in the country last year was the direct result of sabotage to the company’s pipelines.

In total, up to 150,000 barrels of oil is lost each day to “bunkering,” or theft by oil smuggling syndicates.

Source:  Tim Cocks, “Shell says losing 43,000 bpd to Nigeria oil theft,” Reuters, May 14, 2012.