NNPC’s Duke Oil Records Substantial Growth

The Nigerian National Petroleum Corporation (NNPC) has over time recorded 290%  increase in volume and revenue due to its involvement in international crude trading, says Diezani Alison-Madueke, the Minister of Petroleum Resources.

Mrs. Madueke revealed this at the 2013 ministerial platform to highlight the ministry’s scorecard as part of the mid-term achievement of President Goodluck Jonathan administration. She said that the NNPC crude oil trading volume and revenue has grown from about 31,000 barrels per day (bpd) of crude oil to 64,000bpd and from $921 million to $2.66 billion within three years through an active participation of its trading subsidiary, Duke Oil.