Nigeria is losing nearly all of its oil output pumped through a major pipeline, just one example of an increase in theft that’s accompanied a surge in crude prices, according to a labor union.
Producers received as little as 5% of crude volumes pumped through the Trans Niger Pipeline between October 2021 and February 2022, with the fuel being illegally tapped in about 150 places, according to the Petroleum and Natural Gas Senior Staff Association of Nigeria. Vandalism was also a major contributor to the losses, the union said.
