Metro Crude oil theft rose 50% in 2017 – Shell - vanguard Ng


Iroka Chinedu

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Report indicating a worsened operational environment in Nigeria’s upstream oil sector, Royal Dutch Shell Plc, the parent company of Shell Company in Nigeria, said crude oil theft from its pipeline networks in Nigeria rose by 50 percent to 9,000 barrels of oil a day (b/d) in 2017, from about 6,000b/d in 2016.

But the firm recorded 16.7 percent increase in payments to the Federal Government for production entitlement, royalties, taxes and others in 2017 to $4.32 billion from $3.64 billion in 2016.

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