A barrel of crude oil currently sells for 50 dollars per barrel at the international market.
The report also revealed that the country also lost slightly above one million metric tons of Automotive Gas Oil (AGO), 2.6m litres of premium motor spirit (PMS) and 3.6m litres of Dual Purpose Kerosene (DPK) between January and December 2020.
In the report, the Chief of the Naval Staff, Vice Admiral Ibok Ete Ekwe-Ibas noted that 339 pirate attacks were recorded in the Gulf of Guinea and out of which 214 of the attacks as well as 107 activities of sea robbers occurred within the nation’s territorial waters in 2020