Shell loses N160bn to crude theft in Nigeria

Royal Dutch Shell,yesterday, said it lost about $1 billion (N160 billion) to crude oil theft and various disruptions in its oil and Liquefied Natural Gas, LNG, operations in Nigeria in its 2013 financial year. Shell, in an update to investors on its strategy, declared that the risks associated with working in Nigeria had worsened, stating that crude theft is costing Nigeria a significantly



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