Nigeria lost 3.3m barrels to oil thieves in 2025 – NUPRC
Nigeria lost 3.33 million barrels of crude oil to theft in 2025, a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shown. Read More: https://punchng.com/nigeria-lost-3-3m-barrels-to-oil-thieves-in-2025-nuprc/
In 2025, Nigeria experienced significant losses due to oil theft, with 3.33 million barrels taken from its crude oil reserves. This figure represents a sharp increase in the final quarter of the year, accounting for nearly two-thirds of the total reported losses. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported a decline in revenue collection to N10.42tn in 2025, a 17.03% decrease from the previous year's N12.56tn.
Despite this, gas flare penalties and signature bonuses contributed to revenue growth. However, the persistence of oil theft alongside rising security costs poses challenges for Nigeria's energy security and government revenue.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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