Tuesday, 4 October 2016

Recession: NNPC warns Nigeria’s oil, gas reserves running out

Following the recession currently bedeviling Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, has raised alarm over the depletion of the nation’s crude oil and gas reserves.
Baru, made the disclosure when he was hosted by the Nigerian Association of Petroleum Explorationists, NAPE, in Abuja, according to a statement released yesterday.
The NNPC boss appealed to oil and gas exploration companies, professionals and other stakeholders to focus on increasing the nation’s oil and gas reserve base.