The Trouble With Oil Pipelines in Nigeria

Blog Post by John Campbell On Wednesday in Abuja, the group managing director of the Nigerian National Petroleum Corporation (NNPC) stated that in 2016, pipeline vandalism resulted in roughly 700,000 barrels per day (bpd) being “deferred.” Accordingly, production was 1.3 million bpd rather than the projected 2.2 million bpd, costing the country about $13.3 billion in revenue (at […]

How to Save Libya From Itself? Protect Its Oil From Its Politics

By MUSTAFA SANALLA (NOC Chairman) TRIPOLI, Libya — For years now, opportunists of all stripes, local and international, have tried to profit from Libya’s seemingly endless instability by disrupting its oil production. The latest incident was triggered by the recent, sudden souring of relations between Qatar on the one hand and Saudi Arabia, the United Arab Emirates, Egypt and […]

How Nigeria ‘lost N2 trillion to poor metering of oil wells’ in two years

By Ediri Ejoh Nigeria may have lost about $64 million (about N2 trillion) between the second quarter of 2015 and the first quarter of 2017 to poor metering of  its oil wells. As part of the efforts to curb corruption in the oil and gas industry, former administration of President of Goodluck Jonathan  had approved […]

Nigeria probes into amnesty program for ex-militants

Alleged corruption led to renewed violence in Niger Delta, costing $100b in oil revenue in 2016, parliament speaker says. Rafiu Oriyomi Ajakaye Nigeria’s parliament on Monday launched a formal probe into allegations of corruption in the implementation of the government’s amnesty program for the former militants in the country’s oil rich region of Niger Delta. […]

Attacks by Avengers, others cut Nigeria’s revenue for July by almost half

Despite government efforts, Delta militants are hitting Nigeria’s economy hard. Bassey Udo Attacks by vandals, notably Niger Delta Avengers, on crude oil pipelines and other facilities, accounted for nearly 50 per cent loss of revenue to the three tiers of government in July. The monthly Federation Accounts Allocation Committee (FAAC) meeting, which held Thursday in […]