Nigeria: February 26, 2005

Archives

Soldiers raided a village in the Niger Delta, looking for a local gang that had been attacking civilians and stealing oil. The subsequent fighting left 14 dead, and several hundred civilians fled the area. Oil theft is growing, with 100,000 barrels a day being stolen by gangs that puncture pipelines carrying the crude, transfer the oil to trucks and then to small ships that sneak it out of Nigeria and sell it to brokers in nearby countries at a discount. Even so, with oil now at over $50 a barrel, the various gangs can realize several million dollars a day from these thefts. 

 

X

ad

Help Keep Us From Drying Up

We need your help! Our subscription base has slowly been dwindling.

Each month we count on your contribute. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage.
Subscribe   contribute   Close