Stella Dimoko NNPC Cuts Down Crude Production Cost To $20/ Barrel


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Tuesday, 6 March 2018

NNPC Cuts Down Crude Production Cost To $20/ Barrel

The Nigerian National Petroleum Corporation on Monday announced that it had been able to reduce the cost of producing a barrel of crude oil to $20.

According to the corporation, additional measures have been put in place to further reduce the cost to $15 per barrel.

The NNPC had announced in August last year that it had reduced the cost of crude oil production from $78 per barrel as of August 2015 to $23 per barrel, representing 70.5 per cent reduction.


  1. The economy is not feeling this news jare

    Hadey Halaba

  2. That's good news. So are we getting PMS cheaper now? Or that will translate to more revenue added to govt account

  3. I am not even understanding this thing. What impact does it have on the current price of fuel?

  4. This Ms Korkus's dog ehn, nawa. Its expression is so funny


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