Oil Theft Runs Rampant In Africa’s Top Oil Producer ...Middle East

OPEC member Nigeria is losing billions of U.S. dollars every year to oil theft and sabotage, which continue to plague the oil sector in Africa’s top crude producer and exporter. Every day, Nigeria’s oil production could have been up to 200,000 barrels higher if it weren’t for the still endemic and widespread oil theft, according to government and industry estimates. Every year, Nigeria is missing out on billions of U.S. dollars of oil revenues because of crude oil losses, oil thieves rupturing pipelines and causing…

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Last updated : 09 July 2021 clock 12:15 AM

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Oil Theft Runs Rampant In Africa’s Top Oil Producer ...Middle East

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