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FG turns to Britain for help on oil theft

19 February 2013, 16:04

Abuja - The federal government has asked Britain for help to tackle a multi-million dollar oil theft business which is run by international crime syndicates, Minister for Petroleum Resources, Diezani Alison-Madueke said on Tuesday.

Oil 'bunkering' -- hacking into pipelines to steal crude then refining it or selling it abroad -- is costing Nigeria a fifth of its two million barrels per day output, government and international oil companies say.

"The products from bunkering are not sold in (West Africa), neither are the financial outputs ... laundered in West African banks, they are ending up in far flung international fiscal institutions," Diezani Alison-Madueke told an industry conference in Abuja.

"Mr president has begun to reach out with his colleagues around the world. A discussion was held with the prime minister of Great Britain on Monday a week ago and they are all coming on board to help sort out this particular menace."



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