Nigeria: Oil and Gas - Tale of a Castrated Sector in 2013

31 December 2013

Lagos — The nation's oil and gas sector in 2013 was full of the good, bad and ugly trends. The unprecedented scale of oil theft and pipeline vandalism took the shine of the gains the industry recorded in the year.

According to the Nigerian National Petroleum Corporation (NNPC), daily crude oil production of Nigeria in the first quarter of the year fluctuated between 2.1 and 2.3 million barrels per day compared with the projected estimate of 2.48 million barrels in the 2013 budget.

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