Oil firms flare $734m worth of gas

Sam Ikeotuonye 12 October 2016, Sweetcrude, Lagos – The Nigeria National Petroleum Corporation, NNPC, and the oil and gas companies operating in the country flared 244.72 billion Standard Cubic Feet, SCF, of gas between August 2015 and July 2016, leading the nation to lose $734.16 million (about N183.54 billion). According to NNPC’s Monthly Financial and Operations Report […] More »