ABUJA, Dec 14 (Reuters) - The Nigerian Petroleum Development Company (NPDC), a subsidiary of state oil firm NNPC, said on Wednesday it had lost 1.5 trillion naira ($4.9 billion) due to attacks on its facilities since the beginning of the year.
The subsidiary of the Nigerian National Petroleum Corporation specialises in exploration and production of oil.
Militants' attacks in the oil-rich Niger Delta have severely hobbled production this year, at one stage reducing output by more than a third.
(Reporting by Ulf Laessing and Paul Carsten; editing by David Clarke)
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you