Nnpc Cuts Production Cost To $23/barrel

Nnpc Cuts Production Cost To $23/barrel

The Nigerian National Petroleum Corporation (NNPC) said yesterday that the country has saved a minimum of $3billion per annum by cutting the cost of crude oil production from $78 dollars per barrel to $23 per barrel as at August 2015,…

 Nigeria To Shake Off The Shackles Of Oil

Nigeria To Shake Off The Shackles Of Oil

Nigeria is now saying that “era of oil booms” may be over—for good. According to its national petroleum policy approved this week by the federal executive council, the country plans to cut its oil exploration costs and move away from…