NIGERIA ’LL STILL MAKE PROFIT ON OIL AT $20, SAYS KACHIKWU

Although the price of oil may at present be as low as $22 per barrel, the Minister of State for Petroleum Resources, Ibe Kachikwu, says Nigeria’s case is not hopeless.
 
He says Nigeria would still make profit even if oil drops to $20 as cost of producing a barrel of crude oil has been put at an average of $13 per barrel onshore.
 
 Read more @ Guardian Online