An illicit trade that involves the theft of crude oil and its derivative products through a variety of different mechanisms with significant economic, social, environmental, governance and security implications that contribute to the poverty and degradation that exists in the Niger Delta region of Nigeria.
Oil theft in the Niger Delta
Oil theft is believed to exceed 180,000 barrels of oil per day
Over US$7 billion of lost revenue at current oil prices.
Stop the Theft's animated introduction to the process of oil theft shows how oil is stolen from pipelines in the Niger Delta, the impact to the local environment and economy and how the stolen oil is used both locally and internationally.
Dr Dele Cole says only political will and development cash will end the massive theft of oil from Nigeria's Delta region and the insurrection driving it.