• Oil producers locked up 1.2 million bpd for theft and vandalism
• NUPRC insists on oil benchmark, OPEC quotas doable as IOC show optimism

With new developments at the 400,000 barrels per day (bpd) Forcados export terminal and moves to reopen closed wells, Nigeria could pump over two million barrels of crude oil per day.

In disclosing the year-long scorecard of Nigeria’s Upstream Petroleum Regulatory Commission (NUPRC), which emerged as an offshoot of the Petroleum Industry Act (PIA), Chief…

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