THE Nigerian National Petroleum Corporation (NNPC) has reacted to a report doing the rounds that it was involved in the sale of 48 million barrels of stolen crude oil. “SAMANO requested that it be allowed to purchase the stolen crude after its recovery by the Federal Government. “For context, as of 2015, the daily production of crude oil in Nigeria was below 1.6 million barrels. Therefore, 48 million barrels of crude oil would have been the total production capacity of the country for a whole month. It was and remains simply impossible for one-month crude oil production for the entire country to disappear without any record or trace from the shores of the country.

Source: Nigerian Tribune July 31, 2020 07:40 UTC