The Nigerian National Petroleum Company Limited (NNPCL) has raised alarm over the severe economic impact of the three-day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which it said disrupted crude oil and gas production and cut power supply by 20 per cent.
In a letter to regulators and security agencies, NNPCL Group Chief Executive Officer, Bashir Ojulari, disclosed that the industrial action led to the deferment of 283,000 barrels of oil and 1.7 billion standard cubic feet of gas daily, with revenue losses mounting and demurrage claims from international buyers already surfacing.
He warned that the strike posed a major threat to Nigeria’s energy security and economic stability if left unresolved.
