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26 Apr 2015 SPDC transfers $2.56b oil block to Aiteo
17 Apr 2015 Bayelsa to Sanction Oil Companies Over Spills
17 Apr 2015 LATC Marine Brings Modern Vessels to Nigeria
17 Apr 2015 Mbo Community, Universal Energy Trade Tackles over Crude Theft
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 … securing the future of developing nations

Theft of oil costs oil companies, governments (and the communities they serve) hundreds of millions of dollars each year in Nigeria alone. In addition to loss of revenue, oil theft fuels violence and insecurity, feeds corruption, finances the purchase of weapons, corrupts youth, escalates youth unemployment, causes environmental pollution and destabilizes communal life.

The concept of oil certification follows the success of the “conflict diamonds” initiative and aims to hit the well-organised theft of oil by choking off the market for the stolen oil and interrupting the supply chain.
 
    
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