SNEPCo 17.8mn/b, Chevron 12.2mn/b, Agip 11.1mn/b, SPDC with 15.1%, Addax 2.3mn/b, Seplat 7.4m/b, Aiteo 470t/b. Full list of 16 oil firms and whooping volume of crude oil loss they recorded in 2020 International Oil Companies (IOCs) and their local counterparts operating in the Nigeria’s multi-billion dollars oil industry lost a whopping N2.1 trillion as a result of crude oil production deferment in one year. Platforms Africa, which reported this quoted the 2021 statistics from the Nigeria Extractive Industries Transparency Initiative (NEITI). NEITI data showed that the huge loss was…
Read MoreHow Oil Firms in Nigeria Suffered N2.2tn Revenue Deficits In 1 Year
