• Contact Us
  • About Us
Wednesday, October 15, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Oil & Gas

Nigerian Navy Cracks Down On Oil Theft, Arrests 76 Vessels In Two Years

metro by metro
June 20, 2025
in Oil & Gas
0
Nigerian Navy Cracks Down On Oil Theft, Arrests 76 Vessels In Two Years
0
SHARES
0
VIEWS
ABUJA, June 19 (Reuters) – The Nigerian Navy has arrested 76 vessels and at least 242 suspects in anti-oil theft operations, and destroyed more than 800 illegal refining sites during a two-year crackdown, it said on Thursday.
Rampant oil theft from pipelines and wells has crippled Nigeria’s oil industry in recent years, damaging government finances and stifling exports.
READ ALSO:Oil Set To Rise For Third Week On Escalating Israel-Iran Conflict
Since June 2023, naval authorities have seized around 171,000 barrels of crude and millions of litres of illegally refined fuels from criminal networks, Chief of Naval Staff Vice Admiral Emmanuel Ogalla said at a briefing in the capital Abuja.
The navy also began verifying oil cargoes loaded at Nigeria’s five major export terminals in January to combat oil theft at its source, Ogalla said.
The navy has acquired patrol boats, three new ships and three AW 139 Trekker helicopters. It is also building two additional seaward defence boats and will take delivery of two 76-meter offshore patrol vessels from Dearsan Shipyard in Turkey.

Read Also

Oil Recoups Some Losses As Investors Focus On US-China Trade Talks

Anxiety As Dangote Refinery, Engineers On Warpath Over Fresh Redeployment

Nigeria Commissions First Wholly Owned Floating Vessel To Boost Oil Output, Exports

Previous Post

Oil Set To Rise For Third Week On Escalating Israel-Iran Conflict

Next Post

Bill Gates, Bosun Tijani, Ribadu, Others For FIN-Web Conference On AI, Cybersecurity, Tech Innovation At Silicon Valley

Related Posts

Nigeria Signs South Korea’s Daewoo To Fix Kaduna Refinery
Oil & Gas

Oil Recoups Some Losses As Investors Focus On US-China Trade Talks

October 13, 2025
Dangote
Oil & Gas

Anxiety As Dangote Refinery, Engineers On Warpath Over Fresh Redeployment

October 9, 2025
Nigeria Commissions First Wholly Owned Floating Vessel To Boost Oil Output, Exports
Oil & Gas

Nigeria Commissions First Wholly Owned Floating Vessel To Boost Oil Output, Exports

October 8, 2025
refinery
Oil & Gas

Oil Rises As Oversupply Fear Eases After OPEC+ Restrains Output Increase 

October 8, 2025
Next Post
Bill Gates, Bosun Tijani, Ribadu, Others For FIN-Web Conference On AI, Cybersecurity, Tech Innovation At Silicon Valley

Bill Gates, Bosun Tijani, Ribadu, Others For FIN-Web Conference On AI, Cybersecurity, Tech Innovation At Silicon Valley

Fiscal Imbalance: States’ Reliance on FAAC Allocations Exposes Financial Fragility

Fiscal Imbalance: States’ Reliance on FAAC Allocations Exposes Financial Fragility

October 14, 2025
Amid Rising States’ Indebtedness, IMF Raises Nigeria’s 2025, 2026 Economic Growth Projections

Amid Rising States’ Indebtedness, IMF Raises Nigeria’s 2025, 2026 Economic Growth Projections

October 14, 2025
Alausa: The Dilemma Of A ‘Japada’ Medical Minister Of Education

Alausa: The Dilemma Of A ‘Japada’ Medical Minister Of Education

October 14, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version