”NNPC becoming more efficient and the signs are positive” – Oil industry experts reveal

  • 📰 NigeriaNewsdesk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A Trusted Nigerian Newspaper

Oil experts have stated that recent criticisms of the Nigerian National Petroleum Corporation fail to account for the complexities and challenges the organization has faced over the years. Simplistic views often overlook the deeply rooted issues that preceded the Petroleum Industry Act and the tenure of Mele Kyari.

''The NNPC bore the brunt of subsidy costs for years, often without reimbursement, leaving it financially crippled and unable to invest adequately in necessary infrastructure and exploration activities. ''Noteworthy is the Project Ubeta Gas development initiative in Port Harcourt, a $550 million venture with Total as a partner, despite recent disparaging remarks from Total's local CEO about Nigeria.''

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 10. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Report: NNPC seeks new oil-backed loan to finance operationMele Kyari, GCEO of NNPC Limited, says talks are ongoing for a new oil-backed loan to finance operations and allow investment in its business.
La source: thecableng - 🏆 2. / 80 Lire la suite »

Oil-backed loans needed to finance drilling, other operations — NNPCNNPC Ltd. has said oil-backed loans would enable the company finance many capital projects, including drilling operations.
La source: vanguardngrnews - 🏆 5. / 75 Lire la suite »

NNPC seeks $2bn oil-backed loan to finance operationsNigerian National Petroleum Corporation, NNPC, Ltd., has commenced moves to secure about $2 billion oil-backed loan to finance its operations
La source: vanguardngrnews - 🏆 5. / 75 Lire la suite »