We Reduced Cost Of Producing Barrel Of Oil To $20, Says NNPC The Nigerian National Petroleum Corporation (NNPC) Monday said its cost of producing a barrel of crude oil from Nigeria’s oil fields has further dropped to $20, adding that it was targeting to lower...

Nigeria’s crude oil production has fallen by almost 40 per cent to 1.4 million barrels per day due to militant attacks on facilities in the Niger Delta. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, stated addressing members of the House of Representatives,...