• Contact Us
  • About Us
Wednesday, January 14, 2026
  • 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 Settles $1 Higher As Traders Assess Venezuela Upheaval

Oil Slips With Brent On Course For Longest Stretch Of Annual Losses In 2025

Heirs Energies Agrees $750m Afreximbank Financing For Long-Term Growth

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

Ogoniland oil spill
Oil & Gas

Oil Settles $1 Higher As Traders Assess Venezuela Upheaval

January 6, 2026
refinery
Oil & Gas

Oil Slips With Brent On Course For Longest Stretch Of Annual Losses In 2025

December 31, 2025
Heirs Energies Agrees $750m Afreximbank Financing For Long-Term Growth
Oil & Gas

Heirs Energies Agrees $750m Afreximbank Financing For Long-Term Growth

December 21, 2025
NMDPRA MD Farouk Ahmed Resigns Amid Corruption Allegations
Oil & Gas

NMDPRA MD Farouk Ahmed Resigns Amid Corruption Allegations

December 17, 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

Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 

US Strengthens Nigeria’s Battle Against Insecurity With Fresh Military Equipment

January 14, 2026
Damaging US Court Documents:Obi-Datti Campaign urges APC Presidential Candidate To Come Clean Or Resign As Party Dismisses Allegations 

Obi Deplores ‘Closed-door Discussions’ To Navigate Complexities Of New Tax Laws

January 14, 2026
NRS Engages KPMG As Concernrs Over Nigeria’s New Tax Laws Ease

NRS Engages KPMG As Concernrs Over Nigeria’s New Tax Laws Ease

January 13, 2026
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