Nigeria looking to renegotiate oil contracts
Nigeria, Africa's largest oil producer, is looking to renegotiate oil contracts between state-owned oil company NNPC and oil majors such as Shell, Chevron and Exxonmobil.
BY RITZAU FINANS
Oil contracts in Nigeria will be renegotiated. The country, which is Africa's largest oil producer, will renegotiate oil contracts between state-owned oil company NNPC and international oil majors such as Shell, Chevron and Exxonmobil. The purpose of the renegotiated agreements is to patch up a bleeding hole in the Nigerian state's coffers, sparked by the low oil prices in recent years, reports the Financial Times.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Shell lowers investments and cuts 6500 jobs
For subscribers
Nigeria lifts tanker ban but shipowners question the move
For subscribers
