Oil Thieves Wreak Havoc On Nigeria’s Oil Industry

Nigeria’s crude oil and condensate production stood at 2.09 million bpd in October, oil ministry data showed on Friday, with output down by some 70,000 bpd compared to September, due to increased sabotage attacks on oil infrastructure by oil thieves. In September, Nigeria’s crude oil and condensate production was 2.158 million bpd, according to the oil ministry data. The Nigerian National Petroleum Corporation (NNPC) warned earlier this month that sabotage attacks on oil pipelines were on the rise, while analysts also warn that violence…