Nigerian Oil Agencies Spar Over the Country’s True Production Figures

Two separate agencies regulating Nigeria’s oil industry have offered wildly different figures for the country’s actual oil production, with one agency recording a 17% shortfall with some $3.3 million at stake, Nigerian Vanguard reported on Thursday.  The Nigerian Upstream Regulatory Commission (NUPRC) claims that its data shows the country’s actual oil production for April 2024 was 1.28 million barrels per day (mbpd), while the Nigeria National Petroleum Company Limited (NNPCL) has reported 1.7 million bpd of nationwide output,…