Nigeria Has Lost $46 Billion Worth Of Crude Oil To Theft ...Middle East

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Nigeria Has Lost $46 Billion Worth Of Crude Oil To Theft
source : OILPRICE ( Middle East ) () 27
In the decade to 2020, Nigeria lost to oil theft more than 619.7 million barrels of crude oil valued at $46.16 billion, representatives for the Nigeria Extractive Industries Transparency Initiative (NEITI) said at a forum this week. During the period 2009 to 2020, Nigeria’s losses to oil theft averaged 140,000 barrels per day (bpd) valued at $10.7 million daily, the organization said, as quoted by local outlet Leadership. NEITI has compiled reports to establish how much oil, gas, and mining companies paid to the country and how much of those…

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