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NNPC clarifies position on $1.1Bn oil block signature Bonus, royalties

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NNPC clarifies position on $1.1Bn oil block signature Bonus, royalties
The GMD, however, said the arrangement allowed NNPC to lift the royalty oil from Production Sharing Contracts (PSCs) and remit the proceeds to the DPR, adding that confirmation and reconciliation of royalty payments to the sister agency were carried out at the monthly meeting between the Office of the Accountant General of the Federation and revenue generating agencies. More »
NNPC clarifies position on $1.1Bn oil block signature Bonus, royalties NNPC clarifies position on $1.1Bn oil block signature Bonus, royalties Reviewed by Crude Oil Facilitators on 11:49 Rating: 5

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