Oil Theft Crashes To 16-Year Low As NUPRC Reforms Save Nigeria Trillions
Nigeria's oil and gas sector has recorded its lowest crude oil losses in 16 years, following sweeping reforms implemented by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
A 28-year analysis of crude oil losses shows a dramatic turnaround, with theft-related losses plummeting to just 11,100 barrels per day (kbpd), representing a!-->!-->!-->…
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