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The Group Managing Director of the Nigeria National Petroleum Corporation, NNPC, says insurgency in the North East Zone is responsible for the slow performance in oil exploration in Chad Basin in 2013.
The insurgency by the outlawed Boko Haram sect has led to the death of thousands of people since 2009 in North East Nigeria.
Mr. Yakubu stated his position in Abuja on Wednesday during the budget defence by the NNPC before the Emmanuel Paulker -led Senate Committee on Petroleum Resources (Upstream).
He, however, said that besides the Chad Basin, there were seven other basins that the NNPC was working to explore oil. read more
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