Friday 24 March 2017
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1 months ago

Nigeria loses $5bn as Forcados pipeline remains shut

The pipeline that ships Nigeria’s Forcados crude oil for export is yet to restart after it was shut down on February 15, 2016 due to militant attack, Daily Trust findings show. The Nigerian National Petroleum Corporation (NNPC), a participant in the terminal said in its November report that about 300,000 bpd of its revenue from [ ] Nigeria loses $5bn as Forcados pipeline remains shut

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