Translate Home » News » How NNPC cuts losses in four refineries by 53% to N85.75bn in 10 months How NNPC cuts losses in four refineries by 53% to N85.75bn in 10 months On By Obas Esiedesa THE Nigerian National Petroleum Corporation, NNPC, has cut down losses by 53 per cent in the first 10 months of 2020, due to none production in the nation’s four refineries, according to data obtained from its October 2020 Monthly Financial and Operations Report, MFOR. The data, obtained by Energy Vanguard, showed that the Operational Expenses, OPEX, stood at N85.75 billion in the first 10 months, thus indicating a drop of 53 per cent, compared to N122.96 billion recorded in the corresponding period of 2019.