Shell Nigeria, one of the largest oil companies in the Niger Delta, is planning to shut down one of the most important pipelines in the country because of ‘unprecedented’ levels of oil theft this year.  Observers say repairing the damaged pipeline will not fix the problem.

Shutting down a 150,000 barrel a day oil pipeline is a big deal but Shell Petroleum Development Company in Nigeria says it has no choice. It says it has to shut down the Nembe Creek Trunkline, a major oil … [Read More]

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Source: VOA News: Economy and Finance