Skip to content
November 2, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Crude oil losses drop to 16-year-low – NUPRC
  • Business & Economy

Crude oil losses drop to 16-year-low – NUPRC

Admin September 11, 2025
PIA

NUPRC

Sept. 11, 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s upstream oil sector is experiencing a significant turnaround.

It said Crude oil losses from theft and metering issues had fallen to their lowest levels in nearly 16 years.
According to the Commission, daily losses in July stood at 9,600 barrels per day (bpd)—the lowest recorded figure since 2009, when losses dropped to an all-time low of 8,500 bpd.

This data was based on year-to-date crude oil loss trends up to July, released by the NUPRC and shared by Eniola Akinkuotu, Head of Media and Strategic Communications on Thursday in Abuja.

The Commission described the progress as a major milestone in its ongoing efforts to eliminate crude losses across Nigeria’s oilfields and pipeline infrastructure.

Between January and July, total crude losses were contained at 2.04 million barrels, averaging 9,600 bpd over the seven-month period, the NUPRC added.

“This marks a clear departure from the high-loss years that have long plagued the industry.

“By comparison, the entire 2024 calendar year recorded 4.1 million barrels lost at a daily average of 11,300 barrels.

“Remarkably, in just the first seven months of 2025, losses were cut by 50.2 per cent, with only 2.04 million barrels lost over the period.

“The figures for the period ending July 2025 also represent a dramatic 94.57 per cent drop in crude oil losses.

“This is compared to the full year of 2021, when Nigeria lost a staggering 37.6 million barrels at a daily average of 102,900 barrels,” it said.

It said so far in 2025, only 2.04 million barrels have been lost, which was a reduction of 35.56 million barrels compared to the 37.6 million barrels lost in 2021, underscoring the scale of progress made in just four years.

It said that crude oil losses in 2021 were the highest recorded in nearly 23 years, making it the peak year between 2002 and July 2025.

“Since the implementation of the Petroleum Industry Act in 2021, Nigeria has recorded steady progress in reducing crude oil losses.

“In 2021, losses stood at 37.6 million barrels, averaging 102,900 barrels per day.

“By 2022, this dropped to 20.9 million barrels at a daily average of 57,200 barrels.

“The downward trend continued in 2023, with losses reduced to 4.3 million barrels at 11,900 barrels per day.

“Even more progress was made in 2024, as losses were further contained to 4.1 million barrels, averaging 11,300 barrels per day,” it said.

The commission said it had adopted a balanced mix of kinetic and non-kinetic strategies in tackling oil losses.

On the kinetic front, the commission said it continued to collaborate closely with security agencies, operators and communities, while on the non-kinetic front, it implemented strategic regulatory measures to close systemic loopholes.

“One key initiative is the metering audit across upstream facilities to ensure accurate measurement of production and exports.

“To further strengthen control, the NUPRC under the leadership of Mr Gbenga Komolafe approved 37 new crude oil evacuation routes to combat oil theft,” it said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Eniola Akinkuotu Gbenga Komolafe NUPRC

Post navigation

Previous Lawyers’ Movement condemn, seek release of Makoko residents
Next FG to tie accreditation of schools to teachers’ TRCN certification from 2027

Related Stories

Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war reserves crude oil
  • Business & Economy
  • International News

Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war

November 2, 2026
Oborevwori clears N400bn out of Delta’s N465 legacy debts
  • Business & Economy

Oborevwori clears N400bn out of Delta’s N465 legacy debts

November 1, 2026
Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote
  • Business & Economy

Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote

October 30, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NCDC: N10bn health security fund not exclusively for Ebola preparedness federal capital territory
  • National News

NCDC: N10bn health security fund not exclusively for Ebola preparedness

November 2, 2026
Troops Raid Kidnappers’ Hideout in Kogi, Recover 1,000 Ammunition Rounds
  • National News

Troops Raid Kidnappers’ Hideout in Kogi, Recover 1,000 Ammunition Rounds

November 2, 2026
Two men to die by hanging for killing employer
  • National News

Two men to die by hanging for killing employer

November 2, 2026
Domestic Violence: NHRC records 122 cases in Kwara over 10 months military officers
  • National News

Domestic Violence: NHRC records 122 cases in Kwara over 10 months

November 2, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.