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Oil theft: Reps summon NNPC, FIRS, NIWA officials, others

In continuation of its ongoing investigation into the massive oil theft shrinking the country's revenue in the downstream sector, the Adhoc committee of

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Nigerian House Of Reps Committee Uncovers Agencies Behind Oil Theft As NNPC, FIRS, NIWA, Others Evade Appearance

An Adhoc Committee of the House of Representatives has alleged that some arrested ocean vessels involved in massive underhand dealings had the tacit approval of the Nigerian National Petroleum Corporation Limited (NNPCL). The House of Representatives ad hoc committee investigating crude oil theft had insisted on the appearance of the Group Chief Executive Officer of NNPCL and others before the committee.

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Nigerian House Of Reps Committee Uncovers Agencies Behind Oil Theft As NNPC, FIRS, NIWA, Others Evade Appearance

Nigerian House Of Reps Committee Uncovers Agencies Behind Oil Theft As NNPC, FIRS, NIWA, Others Evade Appearance
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Oil Theft: NNPC, FIRS, NIWA, Others Evade Appearance Before Reps Committee

Oil Theft: NNPC, FIRS, NIWA, Others Evade Appearance Before Reps’ Committee

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Midwestern Oil Makes Reverse Take-over Offer to San Leon Energy

Obinna Chima Midwestern Oil & Gas Limited has made a reverse take-over (RTO) offer to San Leon Energy Plc, an energy company listed in the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). A reliable industry source disclosed to THISDAY that the initial approach for the RTO was done three years ago, adding that the offer appears to be a natural progression from the initial discussions/offer. “Discussions are now in advanced stages,” the sources added. Those familiar with the deal believe the transaction would put the companies in good stead to take advantage of the divestment by majors such as Shell, Chevron, Exxon and Agip from the Nigerian market.

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