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31 Oct 2014 Ban on Oyo oil marketers may be lifted soon
31 Oct 2014 More Petroleum Products Vessels Sail into Nigeria Waters
31 Oct 2014 Sale of Nigerian Unit Lifts ConocoPhillips Q3 Profit
29 Oct 2014 Addax extends charter of FPSO vessel in Nigeria for $39 million
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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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