Nigeria, Feb. 17 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said that oil theft in Nigeria has significantly reduced to 5,000 barrels per day (bpd), leading to a steady production increase of 1.7 million bpd.

The NUPRC Head of Public Affairs and Corporate Communications, Olaide Shonola, disclosed this in a statement on Sunday.

The statement said the NUPRC Chief Executive, Gbenga Komolafe, disclosed this when he spoke at the Renewed Hope Global Town Hall conference in Abuja on Saturday, where he highlighted reforms and achievements in Nigeria's oil and gas sector.

"Through kinetic and non-kinetic interventions, oil theft has significantly reduced to 5,000 bpd, leading to a steady production increase to 1.7 million ...