NNPC HAS PAID US$1.5bn CASH CALL ARREARS TO IOCs
NNPC reduces its cash call arrears to JV partners by US$1.5 billion The Nigerian National Petroleum Corporation (NNPC) via its group managing director Maikanti Baru; said it has repaid US$1.5 billion of the cash call arrears owed to its foreign oil partners. The director who made the statement at the National Association for Energy Economics, NAEE, International Conference said; “So far, we have repaid over US$1.5 billion out of the US$5.1 billion cash call arrears to date.” Evidently, this…
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