NNPC reveals deficit of three refineries

The monthly oil and gas report of the Nigerian National Petroleum Company Limited has revealed that the combined deficit of the Headquarters of the NNPC and the three refineries under its management from January to September 2021 is N123.64billion.

Figures contained in the September 2021 report indicated that the cumulative deficit of the three refineries during the period was N46.52billion.

The report, however, stated that the budgeted deficits for the Corporate Headquarters and the refineries during the nine-month period were N151.12billion and N49.8billion respectively.