Nigeria loses $16bn to crude theft, sabotage, deferred production

Opeoluwani Akintayo 23 August 2017, Sweetcrude, Lagos – Data gathered from the Nigerian Extractive Transparency Initiative, NEITI, have shown how Nigeria lost $15.9 billion as a result of crude oil theft, pipeline sabotage and deferred production in four years. The data covering 2011 to 2014 showed that a total volume of 38.6 million barrels of […] More »