Maximum Efficient Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Thu Feb 25 2021 Nigeria is one of the globally acclaimed oil producers, priding itself mostly in the Bonny Light brand in the petroleum market governed by the Organisation of Petroleum Exporting Countries (OPEC).  The country also depends largely and to some extent, over 60 per cent of the revenue sources is from oil. The federal government only recently began to intensify efforts to diversify to a non oil-dependent economy, after being hit with the reality of COVID-19 and a protracted glut in the oil prices. While these efforts are ongoing, the current oil revenue is being threatened, this time not by the slump in oil prices, as hope is rising with over $60 per barrel, but by crude oil theft.

Bamidele odugbesanGodwin obasekiOkon mosesSarki auwaluNigerian national petroleum corporationNational production monitoring systemRoyal dutch shellOrganisation of petroleum exporting countriesShell petroleum development company of nigeria limitedDepartment of petroleum resourcesBonny lightPetroleum exporting countriesNiger deltaPetroleum resourcesShell petroleum development companyNigeria limited