Nigeria: Taxes, other elements push cost of oil production to $29/bbl – Report

*Figure contradicts Minister’s $13/bbl estimate Oscarline Onwuemenyi 11 January 2017, Abuja – The cost of crude oil production in Nigeria is as high as $29 per barrel, according to a recent cost ranking covering 12 major oil producing countries across the world. The finding contradicts the position of the Minister of State for Petroleum Resources, […] More »