NNPC Post N267 Billion Loss In 2015

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NNPC has released its 2015 Full year report posting a whopping N267 billion loss. This was the first time in decades that Nigerians are seeing NNPC’s results. Here are the key highlights;

• According to the report total of 706,242,496 barrels of crude were lifted during the year
• Value of crude lifted for the year was $37,558,046,367
• Three of the countries three refineries posted combined losses of N82 billion.
• KRPC, PHRC and WRPC posted losses of N34.6, N23 billion and N24.3 billion respectively
• PPMC also posted a loss after subsidy of N57 billion during the year
• The biggest contributor to the loss was however its Company Head Quarters  which posted a loss of N162.7 billion
• The report did not show operating expenses which would have shed more light into how efficient its operations are.