Economy - Voice of America: In Niger Delta, Black-Market Oil Booms

Economy - Voice of America economy-and-business

In Niger Delta, Black-Market Oil Booms Jun 28th 2012, 19:22 Part 2 of a 3-part series WARRI, NIGERIA - Over the past five months, Nigerian security services have torched more than 900 illegal oil refineries in the country's coastal areas, but locals say business hasn't stopped. While oil companies and the government complain they are losing more than $1 billion a month in proceeds from stolen oil, workers at the illegal refineries say the oil belongs to all Nigerians and that, for many, it is the only way to make a living. It started years ... Media files: C0DB79AA-2D05-463D-821D-F6FA9CD27881_cx3_cy8_cw94_w800_r1.jpg (image/jpeg, 0 MB)

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