Tuesday 21 June 2016

WARRI, KADUNA REFINERIES POST LOSSES, P’HARCOURT MAKES N5.18BN

Latest figures from the oil and gas industry have shown that at the close of business in April, two of the country’s three refineries posted losses, while the other succeeded in making a profit despite the attacks on oil installations by militants.
 
Since February this year, militant groups in the Niger Delta region have increased the attacks on oil installations, a development that has reduced the country’s crude production to around one million barrels per day from over 2.2mbpd.
 

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