Oil Theft, Explosions, and Militants: Nigeria’s Energy Future at Risk

Last November, Nigeria’s oil production hit the highest in 2024, at 1.7 million barrels daily. The country’s government has a stated ambition to boost that considerably, by some 1 million barrels daily within two years. But there is a problem it needs to solve first: pipeline sabotage. Earlier this week, an explosion rocked the Trans-Niger Pipeline, one of the main conduits for crude pumped in the Niger Delta, which carries it to the Bonny export terminal. The explosion sparked a massive fire at a section of the pipeline and the flow…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com