Chevron: oil theft, illegal refining, threaten economy

by Bolaji Ogundele

Oil major, Chevron Nigeria Limited has said crude oil theft, illegal oil refining and pipeline vandalism are major threats to Nigeria’s economy.

Chevron in a position paper presented at a one-day seminar on advocacy against crude oil theft in Warri, Delta State, said these challenges have continued to make it difficult for the country to meet its revenue projection, and at the same time  have polluted the environment in the Niger Delta region.

To continue reading, please click here.

Source: thenationonlineng.net

Fire guts oil wells in Ondo as multinational alleges sabotage

By Oluwaseun Akingboye

Five oil wells, operated by Chevron Nigeria Limited (CNL) at Ajegunle Ikorigho community in Ilaje Local Council of Ondo State, have engulfed in combustible fire few weeks after militants threatened to resume hostilities in the oil-rich Niger Delta.

The Guardian learnt that the inferno, which had been on for seven days, worsened yesterday and spread to neighbouring riverine communities.

To continue reading, please click here.

Source: guardian.ng