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Nearly $30B has been lost to Nigeria’s treasury in an apparent natural gas price-fixing...
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Friday, October 26, 2012, 4:55 PM ETNearly $30B has been lost to Nigeria’s treasury in an apparent natural gas price-fixing scam involving top industry players and the government, a report claims - that's in addition to $6B/year in losses due to oil theft and sabotage. This week, pipeline damage led Exxon to shut in two grades of Nigerian crude, representing ~20% of scheduled October exports from the country.
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