“The time has come for us to ensure that the cost of production is beaten down to a more meaningful and profitable production cost. I believe that the Petroleum Industry Bill, making provision for funds to go into the host community funds, would probably this time around get us a better deal with the communities,” Lawan said.Continue Reading
Crude oil production in Nigeria tumbled by 155,000 barrels to a record low in December amid the production cuts by the Organisation of the Petroleum Exporting Countries and its allies.Continue Reading