The country experienced a fall in supply of crude oil in the month of August 2024, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed.
NUPRC in its September 2024 report said Nigeria’s crude oil and condensate production declined by 26,391barrels per day from 1.57 million barrels per day (mb/d) in August 2024 to 5.44mb/d.
The data said in the period under review, the country produced 1.32mb/d crude oil , 57,774b/d blended condensate, and 162,223b/d unblended condensate.
Though no reason was provided for reduction in output in September, this may however not be unconnected with crude oil theft, vandalism, and illegal refining in the Niger Delta.
Only last week, the Nigerian National Petroleum Company Limited (NNPCL) said security operatives uncovered 66 illegal crude oil refineries and 21 illegal pipeline connections in the region.
