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Nigeria: Shell expresses concerns over oil-theft threat to crude supply


Shell Petroleum Development Co. of Nigeria Ltd. is highly concerned about the large scale oil theft and illegal refining in the Niger Delta, which is threatening the supply of crude to refineries via pipelines, Nigerian newspaper The Guardian reported.

Mesch Maichibi, Shell's asset manager – swamp west, estimates that at least 60,000 barrels of oil, which is about $6 million, is being stolen every day in the Western Niger Delta.

Mr. Maichibi said this is besides the about 35,000 barrels that is often deferred when the firm closes its facilities for repairs.

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