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Nigeria made N118 trillion from stone oil since 1961 - NBS

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The National Bureau of Statistics (NBS) says Nigeria has realised N118.49 trillion from unsmooth production as well as refining from 1961 to 2014.

The NBS report, which has additional information from the Nigerian National Petroleum Corporation (NNPC), said: “The oil statistics on unsmooth oil production as well as oil refining reflects that a full 32.70 billion barrels of unsmooth oil valued at N118.49 trillion has been produced betwixt 1961 as well as 2014.

“The highest barrels of unsmooth production was recorded inwards the twelvemonth 2005 amongst 918.66 1000000 barrels valued at N6.14 billion.

“The lowest was, however, recorded inwards 1961 amongst 16.80 1000000 barrels valued at N18.73 million.


“The yearly domestic unsmooth oil refining information from 1997 to 2014 besides reflected that 844.19 1000000 of unsmooth oil has been received as well as 835.58 1000000 processed inside the stream nether review.’’

Sumber http://www.adeolafayehun.com/

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