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Oil theft

Nigerian Army Intensifies Crackdown On Oil Theft, Arrests 21 Suspects, Destroys 10 Boats

Army Raids Illegal Refineries in Ukwa West The Nigerian Army has made progress in its fight against oil theft, arresting 21 suspects and seizing 10 boats, five vehicles, and motorcycles in Ukwa West Local Government Area of Abia State. This operation carried

July 13, 2024

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

News·Oil & Gas

Oil Theft: 10,166 Illegal Refineries, Crude Pipeline Connections Destroyed In Nigeria Since 2021 – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) says 10,166 illegal refineries and crude oil pipeline connections have been destroyed in Nigeria since 2021. NNPCL, GCEO, Mele Kyari made this known when he spoke as a guest lecturer during the 2024 Faculty Lecture

January 18, 2024

Business·News·Oil & Gas

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

Nigerian National Petroleum Company Limited (NNPCL) announced its historic profit of N2.548tn in 2022, marking its peak since establishment.

January 10, 2024

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Nigeria Records 164 Crude Oil Theft Incidents In One Week

The Nigerian National Petroleum Company (NNPC) Limited revealed that between 19 to 25 August 2023, about 164 crude oil theft incidents were recorded amid declining oil output. Of the total crude oil theft, 49 cases of unauthorised refineries were discovered, 41 illegal

August 30, 2023

Business·Oil & Gas

Oil Theft: Shell Discovers 460 Illegal Connections To Its Trans Niger Pipeline

Chairman of Shell Companies in Nigeria, Osagie Okunbor, said the oil and gas company discovered 460 illegal connections on its Trans Niger Pipeline. Prime Business Africa understands that the Trans Niger Pipeline is connected to oil fields in Rivers and parts of

April 19, 2023

Tony Elumelu Foundation Empowered Us To Become Employers – Beneficiaries Praises Businessman

Business·Oil & Gas

Oil Thieves Attack Tony Elumelu’s Oil Firm’s Asset In Rivers State

Tony Elumelu’s oil firm, Heirs Holding Oil and Gas Limited, was attacked by oil thieves at Otamiri-Etche, Etche Local Government Area of Rivers State. The oil thieves connected an illegal oil bunkering facility to an oilfield, Oil Mining License (OML) 17, belonging

March 16, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria earned at least $104.58 million daily from crude oil in February 2023, as Africa’s largest oil producer pumped 1.3 million barrels per day. The 1.3 million barrels produced daily last month is the highest crude oil produced by the country in

March 10, 2023

Business·Oil & Gas

Nigeria Reclaims Largest Oil Producer Spot, Produces $3.09 billion Worth Of Crude

Nigeria reclaimed its top spot as Africa’s largest oil producer in November, after relinquishing the position to Libya in the third quarter of this year. According to the latest oil market report for December 2022 released by Organization of Petroleum Exporting Countries

December 14, 2022

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

The Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, said Nigeria loses 700,000 barrels per day to oil thieves. Wunti stated that the Federal Government had projected a production output of 1.88 million barrels per day,

December 8, 2022

Business·Oil & Gas

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

Over $150 million is lost daily by the country according to the Chief Financial Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Umar Ajiya. Pipeline vandalism and sideline production have been preventing the Nigerian oil industry from performing optimally, resulting

October 6, 2022

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Oil theft

Nigerian Army Intensifies Crackdown On Oil Theft, Arrests 21 Suspects, Destroys 10 Boats

Oil Theft: 10,166 Illegal Refineries, Crude Pipeline Connections Destroyed In Nigeria Since 2021 – NNPCL

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

Nigeria Records 164 Crude Oil Theft Incidents In One Week

Oil Theft: Shell Discovers 460 Illegal Connections To Its Trans Niger Pipeline

Oil Thieves Attack Tony Elumelu’s Oil Firm’s Asset In Rivers State

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria Reclaims Largest Oil Producer Spot, Produces $3.09 billion Worth Of Crude

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

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