Nigeria’s crude oil losses fall to 16-year low – NUPRC

The Nigeria Upstream Petroleum Regulatory Commission, NUPRC, has announced that the country’s crude oil losses have fallen to a 16-year low.

NUPRC disclosed this in its July monthly report, released on Thursday.

According to the report, Nigeria’s daily losses stood at 9,600 barrels per day, bpd, the lowest figure since 2009, when losses dropped to an all-time low of 8,500 bpd.

The upstream oil sector reported that between January and July 2025, crude oil losses were contained at 2.04 million barrels, averaging 9,600 bpd over the seven-month period.

This represents a significant 94.57 per cent reduction in crude oil losses compared with 2021, when Nigeria lost 37.6 million barrels at a daily average of 102,900 bpd.

NUPRC attributed the achievement to the implementation of the Petroleum Industry Act in 2021, which has led to steady progress in reducing crude oil losses.

Nigeria’s crude oil losses fall to 16-year low – NUPRC