Live Breaking News & Updates on Excravos Gas To Liquid

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The Nigerian National Petroleum Corporation (NNPC) recorded a total shortfall of $1.2 billion in the financing of its priority projects between January and May 2021, latest data from the national oil company has shown.
This is coming as the Senate’s decision to award three per cent to oil-bearing communities may not be the only controversial clause in the Petroleum Industry Bill (PIB).
The Senate in the recently passed PIB, has also restricted the importation of all petroleum products into the country to only players that have local refining capacity.
The NNPC document showed that the entire appropriation for ‘calendarised’ cost recovery and funding for priority projects was $6.43 billion, which was further segmented into $536 million monthly. ....

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