Crude theft: Nigeria’s oil production slumps
FOLLOWING incessant sabotage on crude oil lines by suspected oil thieves, the country’s crude oil production has dropped by 25,000 barrels per day after Shell Petroleum Development Company, SPDC, said it shut, weekend, its Imo River Trunkline Eastern operations. This came on the heels of discovery of several suspected crude theft points on the facility; hence production of some 25,000 barrels of oil per day had been deferred. Read more
