The Nation Newspaper NUPRC gives investors two options for divestment of 26 oil blocks
The Nigerian Upstream Petroleum Regulatory Commission has given two conditions for divesting 26 oil blocks from four International Oil Companies to four indigenous firms.
The second option, according to him, is that the divesting firms can agree that ministerial consent will not be granted until the Commission has identified and assigned all liabilities to the capable party. NUPRC advised the divesting parties to indicate their preferred option and issue the applicable instrument within two weeks of the date of this Workshop.”
“We have assured the industry, we came with the leading global experts that we are working with for the approval of Mr. President to ensure that the financial liability arising from legacy operations of the assets are transparently determined for the financial body which we don’t want the nation to undertake.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SPDC 6.73bb reserves: NUPRC begins divestment due diligenceThe Nation Newspaper SPDC 6.73bb reserves: NUPRC begins divestment due diligence
Read more »
Nation: Sustainable travel: Five ways to reduce carbon footprint while exploring the worldThe Nation Newspaper Nation: Sustainable travel: Five ways to reduce carbon footprint while exploring the world
Read more »
Your labour formed foundation of our nation, Obi hails workersThe Nation Newspaper Your labour formed foundation of our nation, Obi hails workers
Read more »
Yoruba nation and sundry delusionsThe Nation Newspaper Yoruba nation and sundry delusions
Read more »
Falae and our crisis of nation buildingThe Nation Newspaper Falae and our crisis of nation building
Read more »
Trifling with agitation: Yoruba Nation ArmyThe Nation Newspaper Trifling with agitation: Yoruba Nation Army
Read more »