RE:RE:just thinking out loud !Sold my position several months ago at a big loss :-(
This is reported from th Nigerian National Petroleum Company :
From NNPC estimates, about 700million dollar worth of crude oil is lost to oil theft monthly. Between January and July 2022, Nigeria lost 10 billion Dollars to this crime and this is equivalent to 4.3trillion Naira (at N430 official exchange rate to the dollar) which is more than fifty percent of Nigeria’s Foreign Reserves.
DKL oil is probably loaded on trucks never to be seen again !