Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscf/d). This was contained in NNPC Monthly Financial and Operations Report for March, 2020, a release by […]
Tag: IOCs
NEITI confirms Nigeria loses $16bn to PSCs in 10 yrs
By Olatunde Dodondawa The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that Nigeria lost at least $16 billion in 10 years due to non-review of the 1993 Production Sharing Contracts (PSC) with oil companies. This was contained in NEITI’s latest report titled “The Steep Cost of Inaction” released in […]