The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, said buyers were begged to purchase the Nigerian crude oil at $9 per barrel in April.
The global oil benchmark, Brent crude, plunged to as low as $15.98 per barrel in April, its lowest since June 1999 amid the collapse in demand and the price war between Saudi Arabia and Russia.
“Actually, we sold oil at $9 per barrel in April, and practically we begged people to come and take,” Kyari said while addressing energy correspondents in Abuja on Friday.
He said the country achieved a production level of 2.49 million barrels per day in April, adding that the target of three million bpd was achievable.
The NNPC boss said 2020 had been a difficult year for the industry and the world economy, adding that the industry fundamentals had changed.
The taste. Both drinks are sugar free and calorie free. Coca‑Cola zero sugar looks and tastes more like Coca‑Cola original…
As President Bola Ahmed Tinubu is making efforts to revive the nation's economy, an Osun Youths group under the aegis…
Enugu-born sensation Stoner Nwaigbo is setting the music scene ablaze with his electrifying fusion of alternative vibes and traditional Highlife…
The Academic Staff Union Of Polytechnics (ASUP), Moshood Abiola Polytechnic Chapter, has issued a 7-day ultimatum to the institution's management…
The Ogun state government has restated its commitment to mechanised agriculture to ensure food security in the state, as the…
Renowned Gospel Minister Nathaniel Samuel, prolific songwriter, and singer, proudly unveils his latest masterpiece – “This Kind Of Love” This…