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Tuesday, 25 November 2014

Nigeria loses N27bn to gas flaring in one month


Nigeria lost about $170.166 million, around N27.227 billion to gas flaring in one month, as oil and gas companies flared 39.07 billion Standard Cubic Feet (SCF) of gas in the month of August 2014. 
Quoting data from the New York Mercantile Exchange (NYMEX), Bloomberg put the price of natural gas at $4.27 per million British Thermal Unit (BTU) of gas...Read More

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