Nigeria, the largest African producer in OPEC, lost an estimated $487.5 million from oil revenues as force majeure and sabotages led to a decline of 6.596 million barrels of oil in its production in December 2021, This Day outlet reported on Monday, citing data from the Nigerian National Petroleum Corporation (NNPC).
The loss in Nigerian oil production means that the country failed to take advantage of an average $75 a barrel oil, losing nearly half a billion in proceeds. The oil and gas sector accounts for about 10 percent of Nigeria's gross domestic…Gas Stoves May Become Next Target Of Climate Activists
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