Resolution to Unlock about $510million of Gas Revenue – Kyari The Nigerian National Petroleum Corporation (NNPC) has reached an accord with its partners, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETRO), to settle a tax dispute that arose from the $2.3bn acquisition of a 45 per cent stake in Oil Mining Lease 130 by CNNOC from SAPETRO in 2006. The Corporation declared in a statement to Platforms Africa that this move was in its bid to meet the target of revving up production to 3million barrels per…
Read MoreNNPC, CNOOC, SAPETRO End 14-year Spat in OML130 $2.3bn stake’s acquisition
