Coronavirus: 50 Nigerian crude oil cargoes stranded in market, says NNPC

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As a result of the coronavirus pandemic, Nigeria has about 50 cargoes of crude oil that have not found a landing and this implies that there are no off-takers for them for now due to the drop in deman

d, the Nigerian National Petroleum Corporation declared on Wednesday.

Kyari said, “Today, I can share with you that there are over 12 stranded LNG cargoes in the market globally. It has never happened before. LNG cargoes that are stranded with no hope of being purchased because there is an abrupt collapse in demand associated with the outbreak of coronavirus.” He said NNPC was strategically putting in place measures that would alleviate the cost of crude oil production in Nigeria.

He noted that for leaders in the industry, such as Saudi Arabia, the cost of production was between $4 and $5 per barrel.

 

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The one that was sold before where’s the money 🙄🙄

Let it continue until 9ja makes U turn and live without oil. Change the constant inevitable touch task.

Oh my God! Where else the revenue coming from? Recession is looming fa!

Make sure they quarantine the cargoes... Some might have been infected with the Coronavirus. We will use air peace to bring them home safely 😂

A big lie .. there are procedures before a Vessel is loaded... If they claim that there are 50 unsold stranded vessels of BLCO ... I have contacts that will pick them up and still place order for more. They better stop all these lies.

What does this mean

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Send it to the north they own it

This is serious!!

The person who advised GEJonathan to cave in and hand over, is the best adviser on earth

Why are you telling us?

We will DIVERSIFY THE ECONOMY.

God is answering our prayer

Useless government. You won't tell Nigerians when oil sales are going on well.

Una never see anything When the prices of fuel should be 21 naira now

They should return it back to us to use then at a cheaper rate

Crises ahead.. And most especially for Nigeria that never plan anything

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