Nigeria News

Balkans, Singapore said top buyers of stolen Nigerian oil

kThe main buyers of the 180,000 barrels of oil that thieves steal from Nigeria each day are organized criminal networks in the Balkans and refiners in Singapore, according to a former presidential adviser who launched a campaign against the practice on Monday.

Dele Cole, a politician from the oil-rich Niger Delta, at the heart of Nigeria’s 2 million barrel a day (bpd) industry, told Reuters that 90 per cent of oil snatched was sold on world markets, based on estimates from oil firms and the ministry.

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