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Vol 63 No 9

Published 28th April 2022


Oil spills and theft spike as big oil goes offshore

Bureaucratic rivalries and vested interests are blocking efforts to hold companies and officials responsible for the ecological destruction of the Niger Delta

Nigeria should meet its OPEC quota, due to rise to 1.753 million barrels a day next month, in a matter of weeks after months of struggling to produce around 1.2m-1.3m b/d due to theft and sabotage. 'The security authorities have been doing a lot of work and we have seen the production numbers pick up …some of the wells that had to be shut in because of the criminality have now been opened,' finance minister Zainab Ahmed told Bloomberg News on the sidelines of the Spring Meetings of the IMF in Washington DC on 21 April.

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