The Nigerian Extractive Industry Transparency Initiative has said Nigeria lost about 36.5 million barrels of crude oil to theft and sabotage in 2017.
An analysis of the latest annual oil and gas report of the Nigeria Extractive Industries Transparency Initiative for the 2017 fiscal year, said the country witnessed a reduction in oil theft within the year.
The report also stated that 69 million barrels of crude was lost due to decrease in production volumes resulting from routine maintenances or unplanned repairs of the production facilities.
According to the report, out of the 690,465 million barrels of crude oil produced in 2017, a total of 688.291million barrels were lifted.
The report also showed that the Nigerian National Petroleum Corporation lifted a total of 241 million barrels of crude oil on behalf of the federation.
A breakdown of the lifting showed that federation exports accounted for 135 million barrels, while the domestic crude lifting accounted for 106 million barrels.
