The Nigerian National Petroleum Corporation has claimed that its subsidiary, the Nigerian Petroleum Development Company, lost over N27bn in July owing to the shutdown of the Forcados export terminal. Recall that in February, Shell had declared force majeure, a legal clause that allows it to stop shipments without breaching contracts, on exports of Forcados, Nigeria’s […]
NNPC loses N27bn after militants’ attack on Forcados oil pipeline

Source:Daily Post Nigeria