How thieves stole a billion dollars from Nigeria’s oil

According to the report of the International Economic Group of Fars News Agency, quoted by Reuters, Gbenga Komolaf, the secretary of Nigeria’s upstream oil policy commission, says: while 141 million barrels of oil were produced in Nigeria in the first quarter of this year, only 132 million of this figure reached the export terminals. Is.

Nigeria is the largest oil producer in Africa, and according to this government official, thieves have stolen one billion dollars of the country’s oil in this period of time.

He says: Part of this theft was from the place of illegal extraction of oil pipelines, which shows how poor security can cause serious financial losses.

Komolav said in his statement; Statistics show that 9 million barrels of Nigerian oil were stolen, which is equivalent to one billion dollars in revenue for the government, and this happened in just a three-month period.

He said; Oil theft in this country has increased from an average of 103,000 barrels per day in the first quarter of this year to 108,000 barrels in 2021.

The President of Nigeria, Muhammadu Buhari, has called for action to stop oil theft and has established a court in this direction, but this problem still persists.

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