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Nigeria: Govt reaches settlement with IOCs on $5bn cash call arrears

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Nigeria: Govt reaches settlement with IOCs on $5bn cash call arrears
09 November 2016, News Wires, Lagos — The Nigerian government has reached an outline settlement to resolve a protracted dispute with five international oil companies (IOCs), under which the oil firms will be paid $5 billion as arrears of cash calls to cover exploration and production costs. Financial Times reported that Shell, ExxonMobil, Eni, Chevron, […] More »
Nigeria: Govt reaches settlement with IOCs on $5bn cash call arrears Nigeria: Govt reaches settlement with IOCs on $5bn cash call arrears Reviewed by Crude Oil Facilitators on 12:00 Rating: 5

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