Presidential Panel Demands N684bn Oil Block Renewal Fee From Mobil ...Company Denies Indebtedness   The Special Presidential Investigation Panel for the Recovery of Public Property says an oil giant, Mobil Producing Nigeria Unlimited (ExxonMobil), is indebted to the Federal Government to the tune of $1.6bn, The PUNCH...

FG, IOCs Lose N684bn To Oil Pipeline Shutdown Eight months after the shutdown of the Trans-Ramos Pipeline, the Federal Government, Shell, Total and Nigeria Agip Oil Company Limited have lost about $1.9bn (N684bn) in potential revenue from the sale of crude oil. Shell Petroleum Development Company...