Rivers lawmaker, Dagogo urges IOCs to do costing of crude in local currency
Speaking with DAILY POST in Abuja on Tuesday, the lawmaker frowned at the manner with which oil companies operating in Nigeria undermined the nation’s currency when it comes to crude oil transactions.
“Shell Petroleum Development Company, SPDC, has no regard for laid down rules in their operations in the Niger Delta.” According to him, SPDC was not making effort to shore up oil revenue for the country, adding that the actual production per day and its cost be revealed.
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