Nigeria loses 362.28m barrels of crude to sabotage — NEITI - Tellbrief.com

Nigeria loses 362.28m barrels of crude to sabotage — NEITI

The agency also noted that the total crude oil production deferment during the review period was 110.66 million barrels.

In 2018, Nigeria recorded a loss of 53.28 million barrels of crude oil, representing a daily average loss of 145,972 barrels per day.

The recorded loss is a drop from the 2019 figure put at 42.25 million barrels, averaging 115,753 barrels daily loss.

The losses resulted from 2.910m million barrels measurement error (1.

3 per cent), 5.252 million barrels theft and sabotage (2.

3 per cent) and 486.746 thousand barrels production/terminal adjustment (0.

21 per cent). “Crude losses were 7.

68 million barrels in 2023, compared to 36.69 million barrels in 2022.

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