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Topic: NNPC refineries idle for 19 months, record N177.21bn loss  (Read 1052 times)

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NNPC refineries idle for 19 months, record N177.21bn loss
« on: April 25, 2021, 01:04:57 PM »
NNPC refineries idle for 19 months, record N177.21bn loss

In 19 straight months of not processing any barrel of crude oil, the government-owned refineries in Nigeria recorded a total loss of N177.21bn, the latest data from the Nigerian National Petroleum Corporation have shown. An analysis of data collated from NNPC’s monthly reports revealed that all the refineries did not refine crude oil from July…


 
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Source: NNPC refineries idle for 19 months, record N177.21bn loss

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