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FG: Gas flare penalty accumulates to N44.4bn in six months

July 29, 2023. Azonuchechi Chukwu. The Federal Government, on Friday, said the total gas flare penalty gathered from oil and gas companies from January 2023 till date is $85.1m, representing N44.4bn at the average exchange rate of N521.2/$ in 2023. It explained that the flare gas administration should not be viewed as a sustainable revenue |
Abuja Federal Capital Territory Azonuchechi Chukwu Nigerian Upstream Petroleum Regulatory Commission Gas To Oil Federal Government Gas Flare Tracker

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