Celebrities › Re: Mike Ezuruonye Endorses Jonathan, Shares House’s Interior Photos by EmoBoy(m): 11:00am On Feb 05, 2015 |
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Politics › Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by EmoBoy(m): 10:18am On Feb 05, 2015 |
Nigeria lost over 2 billion dollars annually to oil theft during the Obasanjo administration. Oil theft and bunkering didn't strat under GEJ and it wouldn't end under him. Even if you elect Buhari tomorrow and he stay for 10 years, there will still be oil theft. Soludo was speaking out of malice and he should respect himself. Shell Nigeria loses 50,000 bpd to oil theft in '04 27 May 2005 Author: Tom Ashby Country: All
LAGOS - Nigeria's largest oil producer, Royal Dutch Shell, lost about 50,000 barrels per day (bpd) of crude oil to organised theft in 2004, roughly steady on the year before, it said in its annual report.
Extrapolated to the whole industry in Africa's largest oil producer, the Shell estimate indicates that Nigeria loses about 125,000 bpd, worth $2 billion a year, to organised crime.
"There were periods of high theft activity, peaking at 60,000 bpd and low periods of 40,000 bpd, which compares to 100,000 bpd and 20,000 bpd respectively in 2003," Shell said in its annual report for Nigeria released on Friday.
Analysts and rights groups have accused high-ranking Nigerian government and military figures of involvement in the illicit trade, which is also linked to big international networks capable of exporting the oil to refineries abroad.
The high level of oil theft is one cause of a massive influx of sophisticated military hardware to militant groups in the Niger Delta, analysts say, where hundreds of people die every year because of ethnic, communal and political fighting.
These groups often play on feelings among residents of the impoverished wetlands that they are being cheated out of the huge riches being pumped from their tribal lands. Militant groups frequently resort to kidnapping, extortion, sabotage and occupation to get their point heard.
Shell said that the Nigerian security forces had intensified efforts to reduce crime in 2004, although the security situation in the inaccessible region was mixed.
"During the year, 32 barges, six ships, six tugboats and 10 road tankers were seized, together with 63 suspects arrested (two of whom were senior naval officers)," Shell said.
SEIZURE
In Nigeria's largest ever seizure of stolen crude, two senior naval officers were court martialled for their involvement in the disappearance of a seized oil tanker impounded for smuggling 11,000 barrels of oil.
The tanker is still missing.
Shell said there were a lower number of security breaches in the western end of the delta around Warri, but a rising number of "ethnic warlords" on the waterways in the eastern part around Port Harcourt.
"Criminals used the cover of ethnic conflicts to undertake crude oil theft," Shell said.
The number of community-related disruptions, including the forced closure of facilities, seizure of assets, blockades and disruption to drilling, increased by 10 percent to 176, the report said. But the amount of oil lost from these events fell sharply, from 45 million barrels in 2003 to 5.2 million barrels last year.
The number of Shell staff and contractors killed rose to 12 in 2004, from 11 the year before, from a total of 314 criminal incidents.
The company recorded a small drop in the amount of oil spilled in 2004, to 8,300 barrels from 9,900 barrels. It said 97 percent of the spilled volume was caused by sabotage. |
Politics › Re: Corruption‘ll Disappear If Buhari Wins, Says Amaechi by EmoBoy(m): 6:58am On Feb 05, 2015*. Modified: 7:13am On Feb 05, 2015 |
After chopping rivers state money for fourteen years, its now you want to repent abi? |
Politics › Re: FG Unveils Take-off Of High Speed Train From Abuja To Lagos by EmoBoy(m): 6:27am On Feb 05, 2015 |
Not impressed |
Politics › Where Will The APC Get The Money To Fund Their Manifesto? by EmoBoy(op): 6:22pm On Feb 04, 2015 |
The APC manifesto will require over 30 trillion naira to implement over the next four. Years Where will this money come from with falling oil prices? |
Politics › Re: I Can Never Support Buhari- Babangida Aliyu by EmoBoy(m): 4:54pm On Feb 04, 2015 |
This man is very blunt. |
Politics › Re: France Practically Forced GEJ To Allow Chadian Forces To Fight Boko Haram. PIX by EmoBoy(m): 4:17pm On Feb 04, 2015 |
Obiagelli: We need chad to defeat boko haram for us? Something is seriously wrong with Nigeria~ Muhammadu Buhari This is senseless talk. |
Christianity Etc › Re: Letter To Bishop Oyedepo: Thou Shall Serve No Other God, By Adeolu Ademoyo by EmoBoy(m): 3:15pm On Feb 04, 2015 |
Euckybaby: Wish portion of the bible Can't remember. Will post it when I have the time |
Christianity Etc › Re: Letter To Bishop Oyedepo: Thou Shall Serve No Other God, By Adeolu Ademoyo by EmoBoy(m): 2:52pm On Feb 04, 2015 |
Christians are actually not meant to contest for political positions in governments. It is written in the Bible. |
Celebrities › Re: Mercy Johnson Endorses President Jonathan,Says He Deserves A Second Term by EmoBoy(m): 2:50pm On Feb 04, 2015 |
Ok Mercy. |
Celebrities › Re: J Martins Celebrates Son's 1st Birthday With Adorable Photos by EmoBoy(m): 2:42pm On Feb 04, 2015 |
Nigga looks like Balotelli. |
Jokes Etc › Re: Funniest Joke Ever Lwkmd Accent Brouhaha!!! by EmoBoy(m): 2:11pm On Feb 04, 2015 |
Onitsha people - its lawyer not rawyer |
Politics › Re: 9 Chadian Soldiers Confirmed Dead After Fight With Boko Haram In Borno by EmoBoy(m): 12:39pm On Feb 04, 2015 |
200 deaths on the enemy side? Na wa o! This Boko Haram no dey finish? Abi na video game be this? |
Politics › Re: Sambo Replies Soludo, Opposition; "Only 100,000 Barels Stolen Daily"- Sambo by EmoBoy(m): 12:30pm On Feb 04, 2015 |
This was in 2004 Shell Nigeria loses 50,000 bpd to oil theft in '04 27 May 2005 Author: Tom Ashby Country: All
LAGOS - Nigeria's largest oil producer, Royal Dutch Shell, lost about 50,000 barrels per day (bpd) of crude oil to organised theft in 2004, roughly steady on the year before, it said in its annual report.
Extrapolated to the whole industry in Africa's largest oil producer, the Shell estimate indicates that Nigeria loses about 125,000 bpd, worth $2 billion a year, to organised crime.
"There were periods of high theft activity, peaking at 60,000 bpd and low periods of 40,000 bpd, which compares to 100,000 bpd and 20,000 bpd respectively in 2003," Shell said in its annual report for Nigeria released on Friday.
Analysts and rights groups have accused high-ranking Nigerian government and military figures of involvement in the illicit trade, which is also linked to big international networks capable of exporting the oil to refineries abroad.
The high level of oil theft is one cause of a massive influx of sophisticated military hardware to militant groups in the Niger Delta, analysts say, where hundreds of people die every year because of ethnic, communal and political fighting.
These groups often play on feelings among residents of the impoverished wetlands that they are being cheated out of the huge riches being pumped from their tribal lands. Militant groups frequently resort to kidnapping, extortion, sabotage and occupation to get their point heard.
Shell said that the Nigerian security forces had intensified efforts to reduce crime in 2004, although the security situation in the inaccessible region was mixed.
"During the year, 32 barges, six ships, six tugboats and 10 road tankers were seized, together with 63 suspects arrested (two of whom were senior naval officers)," Shell said.
SEIZURE
In Nigeria's largest ever seizure of stolen crude, two senior naval officers were court martialled for their involvement in the disappearance of a seized oil tanker impounded for smuggling 11,000 barrels of oil.
The tanker is still missing.
Shell said there were a lower number of security breaches in the western end of the delta around Warri, but a rising number of "ethnic warlords" on the waterways in the eastern part around Port Harcourt.
"Criminals used the cover of ethnic conflicts to undertake crude oil theft," Shell said.
The number of community-related disruptions, including the forced closure of facilities, seizure of assets, blockades and disruption to drilling, increased by 10 percent to 176, the report said. But the amount of oil lost from these events fell sharply, from 45 million barrels in 2003 to 5.2 million barrels last year.
The number of Shell staff and contractors killed rose to 12 in 2004, from 11 the year before, from a total of 314 criminal incidents.
The company recorded a small drop in the amount of oil spilled in 2004, to 8,300 barrels from 9,900 barrels. It said 97 percent of the spilled volume was caused by sabotage.
Source: Reuters |
Politics › Re: President Jonathan's Interview Airs On ELTV At 10pm WAT Today. by EmoBoy(m): 8:54am On Feb 04, 2015 |
will watch later |
Politics › Re: Patricia Etteh Decamps From PDP To APC by EmoBoy(m): 8:02am On Feb 04, 2015 |
I thought the transfer market has closed.  |
Politics › Re: How I'll Revive The Economy - Buhari by EmoBoy(m): 6:55am On Feb 04, 2015 |
Everybody has a plan until they get punched in the face - Mike Tyson |
Politics › Re: A Few Thoughts On Goodluck Jonathan’s Job Creation Efforts… by EmoBoy(m): 6:14am On Feb 04, 2015 |
vanen2: Ok. I'm still Jobless. And yes, SURE - P in Benue is man-know-man Why are you jobless? Aren't you educated? Don't you have a skill? Don't you have aspirations to become something in life? |
Politics › Re: Presidents Do Better In Second Term-Jonathan by EmoBoy(m): 5:53am On Feb 04, 2015 |
san316: Obj did not waste his first term doing nothing. he did a lot because he was trying to rebuild the battered image of Nigeria as a result of military rule. that saw to the return of investors and foreign donors to the country. OK. He was trying to build our battered image from 1999 to 2003? What else did he do? |
Politics › Re: Presidents Do Better In Second Term-Jonathan by EmoBoy(m): 5:43am On Feb 04, 2015 |
True that. Obasanjo wasted his first four years doing abslolutely nothing but travelling around the world. It was during his second term that he started instituting economic reforms that benefited the country. I believe GEJ will perform better in his second term. |
Politics › Re: My Govt’ll Punish Corrupt Officials, Buhari Insists by EmoBoy(m): 5:31am On Feb 04, 2015 |
Don't make a promise you can't fulfil. Nigerians love corruption and they will hate you if try to fight corruption. #Bittertruth |
Politics › Re: PDP, APC Reps’ Clash Over Alleged Stolen N30tn by EmoBoy(m): 5:24am On Feb 04, 2015 |
Soludo's allegation was based on crude oil and condensate theft over the past four years. Every administration in Nigeria will encounter crude oil theft, the Obasanjo's administration encountered it, Nigeria also lost trillions during the regime. It is baseless for soludo to accuse Ngozi for crude oil theft and the revenues lost due to the sabottage. |
Politics › Re: Why Is Jonathan Not Using His Success With "Youwin" To Campaign by EmoBoy(m): 8:52pm On Feb 03, 2015 |
jmaine: Their not voting GEJ is simply not because he hasn't impacted positively in their lives. To me it's good news that those voting for Buhari is simply not because GEJ hasn't done anything to help the "common man" on the streets . . . . You have a point. I'm not a GEJ suporter but I find it awkward that someone who was assisted financially to support his enterpreneurial ambitions would actually turn their back on the people who supported them. I don't know If I should call It annoying or stupid or selfish. |
Politics › Re: Why Is Jonathan Not Using His Success With "Youwin" To Campaign by EmoBoy(m): 7:24pm On Feb 03, 2015 |
berem: Youwin is a fuccking scam. My sister, Youwin is not a scam. I was a participant in the first edition, although I didn't win, I went through the first stage to the second stage, and I personally know over 20 people who were awarded grants. A friend of mine won in the last edition(he won 10 million) he just received his first tranche, his wife and three sisters won in the second edition. |
Politics › Re: Why Is Jonathan Not Using His Success With "Youwin" To Campaign by EmoBoy(m): 7:19pm On Feb 03, 2015 |
I know some people who won the YouWin competition but admitted they won't vote for GEJ. They want to vote for Buhari. |
Travel › Re: Three Nigerians Arrested At Sham Wedding In Britain by EmoBoy(m): 7:16pm On Feb 03, 2015 |
I am sorry comfort |
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Politics › Re: Journalist Allegedly Beaten Blue And Black In Imo Over Political Matters by EmoBoy(m): 6:36pm On Feb 03, 2015 |
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Politics › Re: Pictures Of Ambode Playing Football And Table Tennis by EmoBoy(m): 6:24pm On Feb 03, 2015 |
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Politics › Re: Pictures Of Ambode Playing Football And Table Tennis by EmoBoy(m): 6:23pm On Feb 03, 2015 |
Out of shape, out of ideas. |
Politics › Re: Buhari Is Not An Extremist – Vanguard News by EmoBoy(m): 6:22pm On Feb 03, 2015 |
But he's the grand patron of the miyetti allah and he's never condemned violent and fatal attacks of Fulani herdsmen on innocent citizens. |
Politics › Are we going forward? by EmoBoy(op): 6:17pm On Feb 03, 2015 |
The noise and furor surrounding these 2015 elections have become similar to trading the Euro/Dollar Forex market on a 1 minute time frame. LOL Thats exactly how I see it. Real issues that should've been discussed have been shoved aside and all we talk about are trivial issues that shouldn't matter to a discerning mind. The elections have been turned to a gossip topic. This is damn wrong. Like Soludo said, real issues that are meant to be at the forefront of national electoral discussions are being relegated to the background. For example: Nigeria's foreign reserves fall to $34.38 bln by Jan. 28 - cbank
Jan 30 (Reuters) - Nigeria's foreign exchange reserves fell to $34.38 billion by Jan. 28, down 20.3 percent from $43.16 billion a year earlier, owing to drawdowns by the central bank to defend the local currency, the naira.
Data from the central bank on Friday showed the reserves of Africa's biggest economy have steadily declined, falling 0.43 percent month-on-month from December, when they stood at $34.53 billion.
The naira has remained under pressure, trading outside the central bank's target band of 160-176 to the dollar as oil prices plunge. This is despite a devaluation meant to find the currency's true value and shore up Nigeria's foreign reserves. Indeed, it important that we clarify and verify the educational and academic backgrounds of each presidential candidate but should that be the most important discussion during this critical economic and political period. Oil prices are crashing and they don't seem to be increasing anytime soon. Neither of the political parties have outlined concrete and feasible plans to rescue us out of the economic turmoil that is looming. Our reserves are depleting: there is unemployment; education is falling; Most Nigerian graduates are unemployable; Jobs are being cut in the oil and construction industry etc I have perused the manifesto of the APC and it looks like a love letter, filled with empty promises. It's no different from the transformation agenda, all political rhetoric and no plan or solution. Take a look: [url] http://apc.com.ng/apcroadmap.pdf[/url] Is this how our democratic processes are meant to be? |