NNPC to receive N422bn from six IOCs for domestic crude oil sales | TheCable

NNPC said this in its latest monthly presentation to the federation account allocation committee meeting in July.According to the report, the six joint venture partners include Chevron Nigeria Limited , Mobil Producing Nigeria and Nigerian Petroleum Development Company , the flagship upstream subsidiary of NNPC.Others include Total Exploration and Production Nigeria, First Exploration and Production , and Addax Petroleum.

Given the breakdown, the report added that Chevron would pay N162.24 billion for 3.49 million barrels of oil while Mobil would remit N90.06 billion for 1.9 million barrels of crude.NPDC and Total would remit N41.13 billion and N47.26 billion for 948,296 and 948,776 barrels of crude oil, respectively.

Regulated by the Companies and Allied Matters Act , the company is expected to make full financial disclosures.Advertisement

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NNPC eyes N422bn from six IOCs in AugustSix international oil companies are to remit a total of N442.37bn in August 2022, being proceeds from the sale of domestic crude oil in May 2022, figures obtained from the Nigerian National Petroleum Company Limited on Monday showed. Hmmmm.....Nigeria, my country
Source: MobilePunch - 🏆 8. / 63 Read more »

Exempt tax on corporate bonds to attract market investors, SEC tells FG | TheCableThe Securities and Exchange Commission (SEC) has asked the federal government to consider its proposal to exempt corporate bonds from the payment of tax. Lamido Yuguda, director-general, SEC, said this SECNigeria So who should be taxed, the farmers in the Village ?
Source: thecableng - 🏆 2. / 80 Read more »

NCC granted us a five-month extension on 5G rollout, says Mafab | TheCableMafab Communications Limited, a telecommunication company, says it has been issued a five-month extension for its 5G network rollout by the Nigerian Communications Commission (NCC).
Source: thecableng - 🏆 2. / 80 Read more »