Nigeria losing $35 mln a day from oil theft - report


  • World
  • Wednesday, 18 Jun 2014

ABUJA (Reuters) - Nigeria is losing an estimated $35 million (20.6 million pounds) a day from oil theft and needs to put a "full, final stop" to the growing black market for crude exports, according to a national conference report seen by Reuters on Tuesday.

Africa's largest economy and top oil producer has been struggling with oil theft for years, with much of the stolen crude leaving the country in tankers.

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