IOCs Dreads Collapse Due To Enormous Increase In Oil Theft

IOCs Dreads Collapse Due To Enormous Increase In Oil Theft

The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at the official exchange rate of N416.25 to the dollar), the Federal Government declared on Thursday. International oil companies and their counterparts in Nigeria