Nigeria: The Challenge of Massive Oil Theft

January 10, 2022 | News Source: AllAfrica News: Economy, Business and Finance
[This Day] As damning as a recent report that Nigeria may have lost about 200 million barrels to organised theft in the first 11 months of 2021 would seem, it came as no surprise. Going by figures from the Nigerian Upstream Regulatory Petroleum Commission (NURPC) obtained by THISDAY, while Nigeria was expected to pump approximately 635 million barrels of oil by last November, only 441 million barrels were produced within the period. This aligns with a report from the Nigerian Extractive Industries Transparency Initia

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