Tuesday, 5 January 2016

Oil firms flare 248bcf of gas in 11 months

Oil firms flare 248bcf of gas in 11 months
…Nigeria loses N149bn in revenue  Ike Amos 06 January 2016, Sweetcrude, Lagos – Using the Nigerian Gas Company’s average natural gas price of $3 per 1,000 cubic feet of gas, Nigeria lost about $746.37 million, an equivalent of N149.27 billion to gas flaring in 11 months, between January and November 2015. The loss arose from […] More »

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