Addressing journalists shortly after the meeting, the Minister of Finance, Mrs. Kemi Adeosun, blamed the drop in allocations to a huge decline in the prices of crude oil.
Browsing: Excravos terminal
The Minister attributed the decline in revenue to explosions at the Escravos oil exporting terminal as well as the force majeure declared at the Brass terminal, which led to the shut-down of pipelines at other terminals for repairs and maintenance.
