Posts Tagged ‘oil fields’
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FG to Cede Expired Oil Fields to NNPC

by Ikokwu Ikembaon July 25, 2019
The group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has hinted of the federal government’s move to cede some expired oil fields to its subsidiary, the Nigerian Petroleum Development Company (NPDC). Kyari also disclosed that the corporation would leverage on the existing Direct-Sales-Direct-Purchase product supply arrangement to guarantee energy security […]