The Nigerian National Petroleum Corporation (NNPC) yesterday stated the reasons for its decision to cancel and re-award the contract for security of 87-kilometre Trans Forcados Pipeline (TFP) to a new firm. The corporation stated that so far in 2018, it has lost crude oil worth $800 million from the line despite the former […]
Daily Archives: December 6, 2018
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As the Organisation of Petroleum Exporting Countries (OPEC) meets today, there are strong indications that some delegates would want Nigeria and Libya to join the oil production cuts, which came into effect in January 1, 2017. Nigeria and Libya were exempted from the deal as a result of the militancy in the Niger […]