The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an…
NNPC refutes allegations of $6.8bn indebtedness
…..Also Rejects Claims of Non-Remittance of Taxes The Nigerian National Petroleum Company Limited (NNPC Ltd.) has categorically denied owing international oil traders a sum of $6.8bn. In a statement issued today, the company described the allegation as inaccurate. While acknowledging…