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23 Apr 2014 Aiteo, Taleveras, Barbedos, Others Win $40bn Oil Lifting Contracts
23 Apr 2014 Ex-militant launches campaign against oil thieves
23 Apr 2014 FG awards N6.4trn oil contracts to 28 firms
23 Apr 2014 Pipeline tapping, ‘Nigeria problem’ hits UK Exxon Mobil
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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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