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Crude Oil: Nigeria Loses 800,000 Barrels Daily To Pipeline Vandalism – Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said Nigeria’s crude oil production had declined from 2.2 million barrels per day to 1.4...

Nigeria’s Q1 crude oil output reaches 2.26m bpd

The Nigerian Bureau of Statistics (NBS) said that crude oil production has averaged 2.26 million barrels per day in the first quarter of this year, bolstering the...

75% stolen crude oil exported, says NGO

Of the massive amount of crude oil stolen in Nigeria, about 75 per cent is exported out of the country, the Revenue Watch Institute has said. The RWI is an international...