Nigeria’s Oil Industry Can Flourish Despite Oil Theft ...Middle East

OILPRICE - Economy
Nigeria’s Oil Industry Can Flourish Despite Oil Theft
source : OILPRICE ( Middle East ) () 26
Nigeria has posted strong oil profits, with high hopes to continue expanding its fossil fuel industry as oil majors look to Africa to boost their low-carbon operations. But oil theft continues to be a significant challenge to the country’s oil output with the government taking major steps to tackle the crime.  Between 1999 and 2020 the Nigerian government earned $741.48 billion from oil and gas, according to a recent Nigeria Extractive Industries Transparency Initiative (NEITI) report. NEITI Executive Secretary, Ogbonnaya Orji, stated…

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