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As Nigeria seeks to ramp up oil production, the Nigerian National Petroleum Corporation (NNPC) has approached its joint venture partners and proposed to pay disputed arrears of between $8 billion and $10 billion, saying that oil production shortfalls “could cripple” the industry if left unaddressed. A letter from the Minister of State for Petroleum Resources, […]
NNPC offers to pay $10bn disputed arrears to IOCs
Source: Business
