OTCPK:MAUXF - Post by User
Comment by
watch22on Aug 28, 2012 11:22pm
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Post# 20272505
RE: RE:RE: losses of oil...
RE: RE:RE: losses of oil... do you think that an $80 billion company (ENI) is really going to purposely rip-off a junior player in a small, far off field? I don't think its worth their time.
However, it does speak to the lack of controls and processes in-country. Lets remember, the thieves here are not knocking a hole in the pipe and filling up a few drums - they actually weld in taps and take thousands of barrels by tanker truck or even small pipeline (mostly to bush refineries for domestic consumption).
Lets hope it improves - but also, don't think that Mart and its smaller partners can necessarily protect and enforce their own (smaller) pipeline any better.