Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel (765 Views)
| Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel by Kingsirko(op): 3:57pm On Feb 26, 2017*. Modified: 4:33pm On Feb 26, 2017 |
Nigeria has embraced a better future as the oil production price drops to a better amount. According to a report by oilprice.com, the unit technical cost for producing oil has dropped from $70/barrel to $27/barrel in about two years. Makanti Baru, the group managing director of the Nigerian National Petroleum Corporation (NNPC), made this revelation on Thursday, February 23, stating that this development is monitored from 2014-2016. He was quoted to have said: “With reduced cost of production, govt’s share of economic revenue will improve which means reduced budget deficit," adding that Nigeria will no longer import petroleum by 2019. The report also revealed that the rig rates for....... Continue Reading @http://www.airinformations.com/2017/02/nigeria-to-become-better-as-oil.html
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| Re: Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel by acenazt: 4:10pm On Feb 26, 2017 |
First Of All. Kudos To GEJ, well done BABA PMB and CARRY ON PYO. GOD BLESS OUR COUNTRY NAIJA. 1 Like |
| Re: Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel by Mysmartnetwork: 4:15pm On Feb 26, 2017 |
things dey change yet we no dey see change . issokay |
| Re: Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel by dmostcheerful(f): 4:58pm On Feb 26, 2017 |
We are getting there |
| Re: Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel by Nobody: 7:36pm On Feb 26, 2017 |
How much is dollar for now ? |
| Re: Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel by ketkelvin(m): 7:47pm On Feb 26, 2017 |
BLCO, FLCO and LPFO we have allocation from NNPC, we want to transact with serious and genuine buyers pls. Phone: +234(0)9033826160 ketkevin806@yahoo.com |
| Re: Nigeria To Become Better As Oil Production Cost Drops From $70 To $20/barrel by Kingsirko(op): 10:40pm On Feb 26, 2017 |
Landmark445:440 |
Oil Production: $4 Per Barrel In Saudi Arabia, $3 In Russia, $21.2 In Nigeria • Nigeria’s Monthly Import Bill Drops From $665.4m To $160.4m • Oil Production Cost Per Barrel Down To $20, Says NNPC • 2 • 3 • 4
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