Tag: crude oil
Shell resumes crude oil export operations at Forcados Oil Terminal
Shell Petroleum Development Company (SPDC) has resumed export operations at the Forcados Oil Export Terminal, where repair works on the pipeline has been going...
NNPC loses $700m monthly to oil theft
The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it lost $700 million monthly to crude oil theft.
The NNPCL said it lost 470,000...
Nigeria loses 28m barrels of crude oil in 6 months
Nigeria lost over 28 million barrels of crude oil between January and July 2022 which reduced the Federal Government’s oil and gas revenue target.
The...
OPEC: Nigeria lost 2.3m barrels of crude oil worth N101bn in...
The Organisation of Petroleum Exporting Countries (OPEC), on Thursday, revealed that Nigeria lost 2.3 million barrels in July 2022.
OPEC made the disclosure via its...
Minister: Nigeria loses 400,000 barrels daily to oil theft
Nigeria is losing 400,000 barrels of crude daily through oil theft, Minister of State for Petroleum Resources, Timipre Sylva, has said.
Sylva described the development...
Tinubu: Oil thieves steal 20% of Nigeria’s crude production daily
Nigeria is losing about 20 per cent of its crude oil production to oil thieves and pipeline vandals daily.
Group Chief Executive Officer, Oando Plc,...
OPEC: Nigeria, 6 others drop in crude oil production
The Organisation of the Petroleum Exporting Countries (OPEC) has stated that crude oil production declined in Libya, Nigeria, Iraq, Gabon, Venezuela, Iran and Equatorial...
NNPC: Nigeria lost $1.5bn to oil thieves in 3 months
The Nigeria National Petroleum Corporation (NNPC) Ltd. has disclosed that the country lost over $1.5 billion to oil theft between January and March 2022.
Group...
Troops recover 12.1m litres of stolen AGO, crude oil – DHQ
Troops of Operation Delta Safe have recovered 12.1 million litres of illegally refined Automotive Gas Oil (AGO) and 4,000 litres of stolen crude oil...
FG: Nigeria lost $3.27bn to crude oil theft in 14 months
The Federal Government has revealed that about $3.27 billion worth of crude oil has been lost to vandalism over the past 14 months, saying...
