Nigeria’s oil sector has recorded a remarkable achievement, as crude oil losses have dropped to their lowest level in nearly 16 years. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), daily crude oil losses stood at 9,600 barrels per day (bpd) as of July 2025, the lowest figure since 2009 when losses dropped to an all-time low of 8,500 bpd.
Between January and July 2025, total crude oil losses amounted to 2.04 million barrels, averaging 9,600 bpd. This represents a 50.2% reduction compared to the 4.1 million barrels lost in the entire year of 2024, which averaged 11,300 bpd.
The NUPRC attributed this progress to strategic regulatory measures and collaboration with security agencies and local communities. Key initiatives include metering audits across upstream facilities and the approval of 37 new crude oil evacuation routes to curb oil theft and ensure accurate measurement of production and exports.
This development highlights Nigeria’s commitment to improving the efficiency and integrity of its oil sector, which is expected to boost revenue generation and support a more sustainable energy future.
📌 Reported by: Stone Reporters News
📩 info@stonereportersnews.com | 🌍 stonereportersnews.com
📘 Facebook: Stone Reporters | 🐦 X (Twitter): @StoneReportNews
Add comment
Comments