Energy Experts Fault FG’s $62bn Claim Against Oil Majors
Energy experts have raised concerns over the push by the Federal Government to recover $62bn from International Oil Companies operating in the country, following the amendment of Deep Offshore (and Inland Basin Production Sharing Contract) Act.
Last...
FG, IOCs Commence Talks On $62bn Dispute
The Federal Government has commenced preliminary talks with international oil companies in a bid to settle a dispute over oil revenue.
Last week, it was reported that Nigeria was seeking to recover as much as $62bn from the IOCs,...
Nigeria Seeks To Recover $62bn From IOCs As Unpaid Profits
Nigeria is seeking to recover as much as $62bn from international oil companies, using a 2018 Supreme Court ruling that enables the Federal Government to increase its share of income from production-sharing contracts.
The proposal comes...
