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The cost incurred to produce a barrel of crude oil in Nigeria has declined to $27 per barrel as at year end 2016, from more than $70 per barrel in 2014. The Nigerian National Petroleum Corporation (NNPC) made the disclosure in a tweet yesterday quoting its Group Managing Director (GMD) Dr. Maikanti Baru’s speech at […]
Nigeria produced oil at $27/b in 2016 – NNPC
Source: Business