Oil prices versus Federation Account oil sale receipts, 2009-2013.

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Presentation transcript:

Oil prices versus Federation Account oil sale receipts,

Reported domestic crude sale earnings versus treasury receipts,

The oil-for-product swap deals 210,000 barrels per day Oil worth around $7b/yr during Jonathan years Losses of at least $16 / barrel Total losses top $400 million per year

NNPC trading subsidiaries Oil sold = approx. 80,000 b/d Oil sale revenues = around $4 billion per year in Known transfers to the treasury = $0 Nigerian Petroleum Development Company (NPDC)

Reported NNPC term contract holders

Corporate structure of Tridax Oil and Gas Ltd.