Monday 6 June 2016

NNPC, JVPS LOSE N1.3BN DAILY TO ATTACKS ON OIL FACILITIES

eni_pipelineAttacks by Niger Delta militants on facilities operated by Eni and Aiteo oil firms have led to a combined loss of 140,000 barrels of crude per day, translating to the loss of about N1.3 billion daily, at an estimated price of $48 per barrel, amounting to $6.72 million or N1.3billion.

The attacks, believed to be carried out by the militant group, the Niger Delta Avengers, caused the huge loss from their oilfields in Bayelsa State, according to Eni and Aiteo.

Read more @ Leadership Online

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