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Nigeria Forfeits $3.3bn Oil Gains as Joint Morocco $25bn Pipeline Project Advances
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Nigeria Forfeits $3.3bn Oil Gains as Joint Morocco $25bn Pipeline Project Advances
Nigeria has forfeited an estimated $3.4 billion in potential oil revenue in 2026, as production shortfalls persist despite a sharp rally in global crude prices and renewed momentum on the $25 billion Nigeria-Morocco Gas Pipeline. Latest data from the Organization of the Petroleum Exporting Countries shows that Nigeria’s crude output stood at 1.463 million barrels per day (mbpd) in March, well below projections by the Nigerian National Petroleum …
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