Wednesday 21 January 2015

DEEPWATER PROJECTS MAY BE CANCELLED – NNPC

Group Managing Director, NNPC, Dr. Joseph DawhaWith the steep decline in global oil prices, several deepwater projects in the country face delays or outright cancellation, the Nigerian National Petroleum Corporation has said.
 
The global benchmark Brent crude, which peaked at $115 per barrel in June 2014, traded around $48 per barrel on Tuesday.
 

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