Owing to a further slide in prices and additional shut-in of about 35,000bpd in Usan and Yoho Terminals, Nigeria’s export earnings in 2015 from the sale of crude oil declined by 50 per cent.Other factors responsible for the shortfall in earnings, according to the Nigerian National Petroleum Corporation (NNPC), include the non- receipt of Nigeria Liquefied Natural Gas (NLNG) feedstock of about $74.47 million following payment slippage into new year and 57.08 per cent drop in liquefied petroleum gas/natural gas liquids lifting.
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