Nigeria Says Crude Theft and Metering Losses Lowest in 16 Years [Yahoo! Finance]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
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Source: Yahoo! Finance
Nigeria's crude losses from theft and metering issues dropped to their lowest in nearly 16 years at 9,600 barrels per day (bpd), the West African country's upstream regulator has reported. Representing the one year to July, the figure is the lowest daily average since 2009, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). "So far in 2025, only 2.04 million barrels have been lost, which is a reduction of 35.56 million barrels compared to the 37.6 million barrels lost in 2021, underscoring the scale of progress made in just four years", the NUPRC said in a statement on its website. "Crude oil losses in 2021 were the highest recorded in nearly 23 years, making it the peak year between 2002 and July 2025". In 2022 yearly losses dropped to 20.9 million barrels or 57,200 bpd. The daily average fell to 11,900 bpd in 2023 and 11,300 bpd in 2024, the NUPRC said. "Remarkably, in just the first seven months of 2025, losses were cut by 50.2 percent, with only
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PKX
Sec Filings
- 11/28/25 - Form 6-K
- 11/12/25 - Form 6-K
- 11/12/25 - Form 6-K
- PKX's page on the SEC website