


| Niger Delta: Nigeria lost N2.1 trillion to militants, vandals in 2016 - NNPC |
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In his words: “ Over 7000kpd of crude oil has been lost due to vandalism this year. A bulk of the loss is from JV assets. This implies that 60 per cent of oil production lost is NNPC-FGN equity. “At an estimated price of $45 per barrel, the total 2016 revenue loss to the Federation Account translates to about $7 billion.
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