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Power outage at Bonga oil terminal costs NNPC, partners $64m

Due to power outage, the Nigerian National Petroleum Corporation (NNPC) and its other major partners lost one million barrels of crude oil worth about $64million in Bonga terminal, Nigeria’s first deepwater export terminal. Bonga is the largest deep-water project to commence production in Nigeria with a storage capacity of 2 million barrels, a maximum loading…

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