In 2020, Nigeria’s Gas Production Dipped by 1.11%
Nigeria recorded a slight decline in its gas production in 2020. This was revealed in the latest report from the Nigeria Extractive Industries Transparency Initiative (NEITI).
Tag
.webp)
Nigeria loses 272 million Barrels of Crude Oil to Theft, Sabotage in Five Years
A Dataphyte review of the Nigeria Extractive Industries Transparency Initiative, (NEITI) Oil and Gas industry report has revealed that over 270 million of Nigeria’s commercial crude oil production was lost to theft and sabotage between 2016 and 2020.
2020 Crude Oil Production – Lowest in the Last Five Years
Total crude oil production in Nigeria dropped from 735.24 million barrels in 2019 to 646.79 million barrels in 2020.This amounts to a 12.03% drop in output in 2020.