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Insolvency: NNPC owes IOCs $2.84bn in 11 months

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Insolvency: NNPC owes IOCs $2.84bn in 11 months
05 January 2015, Abuja—The insolvency of the Nigerian National Petroleum Corporation, NNPC, has been brought to the  fore, with its inability to fund its obligation to International Oil Companies (IOCs),  as it owes its Joint Venture (JV) partners $2.839 billion, about N567.76 billion, between January and November 2015. The NNPC, in its Monthly Financial and Operations Report […] More »
Insolvency: NNPC owes IOCs $2.84bn in 11 months Insolvency: NNPC owes IOCs $2.84bn in 11 months Reviewed by Crude Oil Facilitators on 17:32 Rating: 5

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