Those who wonder why the Dangote refinery has to buy imported petroleum have no clue how much Nigeria’s security system has failed to contain oil bunkering in the upstream sector of the petroleum industry.
Nigeria’s production quota, as approved by the Organisation of Petroleum Exporting Countries, is 1,500,000 barrels per day, out of which it reportedly achieves only 1,250,000 bpd, which some even say is overstated.
Some have suggested…
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