Published 1 year ago

Pirates see better risk-reward in Nigeria's oil theft industry

Summary by Ground News

Piracy and kidnapping has decreased in the Gulf of Guinea since April 2021. But the threat has not disappeared and its resurgence is probable in the near future. Interviewees told the report’s authors that pirate group members were now involved in oil bunkering. To build an illicit medium size crude refinery may cost 8-9 million naira.

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Energy Voice

Pirates see better risk-reward in Nigeria's oil theft industry

Oil bunkering in Nigeria is a more attractive industry than piracy, for now, but this may change in late 2023. The post Pirates see better risk-reward in Nigeria’s oil theft industry appeared first on Energy Voice.

1 year ago·United Kingdom

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