36.5 Million Barrels Of Oil Stolen In 2017 – NEITI - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
December 8, 2019
The Nigerian Extractive Industry TransparencyInitiative has said Nigeria lost about 36.5 million barrels of crude oil totheft and sabotage in 2017.
An analysis of the latest annual oil and gas reportof the Nigeria Extractive Industries Transparency Initiative for the 2017fiscal year, said the country witnessed a reduction in oil theft within theyear.
The report also stated that 69 million barrels ofcrude was lost due to decrease in production volumes resulting from routinemaintenances or unplanned repairs of the production facilities.
According to the report, out of the 690,465 millionbarrels of crude oil produced in 2017, a total of 688.291million barrels werelifted.
The report also showed that the Nigerian NationalPetroleum Corporation lifted a total of 241 million barrels of crude oil onbehalf of the federation.
A breakdown of the lifting showed that federationexports accounted for 135 million barrels, while the domestic crude liftingaccounted for 106 million barrels.