Lagos - Shell Nigeria has called on on the federal government to ensure oil thieves are prosecuted and sanctioned in order to curb their activities, Platts.com reports.
While speaking at a conference in Lagos, the chairman of Shell Nigeria, Mutiu Sunmonu, said the unchecked activities of oil thieves could endanger the economy. He proposed maximum penalty for oil thieves so as to serve as deterrent to others.
Nigeria's oil industry auditors said that the country lost a total of 146 million barrels of crude oil to theft and pipeline vandalism between 2009 and 2011.
Read more at Platts.com