IOCs, MOCs Involved in Multi-Billion Dollars Crude Oil Theft - Navy The Nigerian Navy has identified the International Oil Companies (IOCs) and Multinational Oil Companies (MOCs) as syndicates engaged in the crude oil theft ring in the Niger Delta region. It accused the IOCs and MOCs...

Six Multinationals To Pay N249bn Oil Proceeds In January – NNPC   A total of N249.3bn for October 2021 domestic crude oil sales by six multinational oil companies operating in the upstream sector will be paid in January 2022, the Nigerian National Petroleum Company Limited has...

Nigeria Loses $1bn Annually To Gas Flare Data Falsification   Nigeria is losing about $I billion revenue annually to falsification of gas flare data by Multinational Oil Companies (MOCs) operating in the country, the Chairman, Economic and Financial Crimes Commission (EFCC) Rasheed Bawa said yesterday in...