Nigeria, Mexico, Iraq, Russia, Indonesia

These Are The 5 Countries Most Plagued by Oil Theft

By Guest Column Chris Dalby—— Bio and Archives--July 9, 2014

Global Warming-Energy-Environment | Comments | Back To Full Article

Originally published in OilPrice.com

Nigeria

As much as 400,000 barrels of oil a day are stolen in Nigeria. This equates to losses of $1.7 billion a month for Africa’s new largest economy. This represents 7.7 percent of its GDP vanishing, or more than the country spends on education and healthcare. These numbers paint a harsh picture about the inability of the Nigerian government, and the multinational oil companies in the Niger Delta, to do anything about this rampant theft.

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