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HomeTop NewsNigeria shut 180,000 barrel-a-day pipeline as oil theft escalates in Niger Delta

Nigeria shut 180,000 barrel-a-day pipeline as oil theft escalates in Niger Delta

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An oil pipeline capable of hauling 180,000 barrels a day across Nigeria has ceased transporting crude since mid-June due to theft, according to a person familiar with the information.

The Trans-Niger Pipeline has yet to be formally shut, said the person who declined to be identified because the information isn’t public.

The link’s capacity is about 15 per cent of Nigeria’s most recent average daily output, according to Bloomberg calculations.

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Nigeria — Africa’s largest oil producer and a member of the Organization of the Petroleum Exporting Countries (OPEC) has struggled in recent years to eliminate sabotage on its pipeline network. Oil theft remains a chronic problem for the intermediate stream system known as TNP.

Earlier this year, the industry union reported that producers received just 5 per cent of the crude oil pumped through the pipeline between October 2021 and February.

This reflects a larger problem for Nigeria, which has faced investment cuts and failed to meet its OPEC+ oil production quota to benefit from a sharp rise in prices.

The Nigerian Association of Senior Petroleum and Natural Gas Officials said in March that TNP was illegally involved in about 150 locations when local authorities checked some of the areas where the theft took place.

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