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2019-09-02 12:35:00

DANGEROUS NIGERIA'S OIL

DANGEROUS NIGERIA'S OIL

PLATTS - Nigeria lost about 22 million barrels of its crude oil production to theft in the first half of this year, Nigerian National Petroleum Corp. said Friday, warning that illegal tapping into production facilities was on the rise, threatening supply.

The figure translates into over 120,000 b/d lost to theft, or 6% of Nigeria's daily output. Nigeria's oil output including condensates had continued to rise, hovering around 2.2 million b/d in the first week of August, according to NNPC estimates.

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