Vanguard: Nigeria Loses N174bn to Gas Flaring — NNPC

Nigeria has lost up to $868.8 million, about N173.76 billion to gas flaring in 2014, according to data obtained from the Nigerian National Petroleum Corporation, NNPC.

The NNPC in its Annual Statistical Bulletin, ASB, for 2014, disclosed that oil and gas firms in the country flared 289.6 billion standard cubic feet, SCF, of gas, representing 11.47 per cent of the total gas produced in the country in that year.

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