437,000 barrels of oil stolen on daily basis by criminals in Nigeria

Follow us on all social media at @HICGI News Agency An average of 437,000 barrels of oil is stolen on daily basis by criminals in Nigeria according to Nigerian National Petroleum Corporation (NNPCL). According to Premium Times’ data analysis, between January and July, Africa’s biggest oil producer lost an average of 437,000 barrels of oil…

Nigeria’s 180,000 barrel-per-day oil pipeline stops flowing due to theft

HICGI News Agency Updated 0724 Friday 29th July 2022 Nigeria’s economy received a further blow recently as an oil pipeline with the capacity to move 180,000 barrels of crude daily across Nigeria was hit by oil thieves, forcing it to halt the transportation of oil since June. However, according to Bloomberg, who quoted an insider…