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Published On: Wed, Aug 20th, 2014

Oil companies want PSC arrangement for JV operation

The long-standing inability of the government-owned Nigerian National Petroleum Corporation (NNPC) to fund its own share of joint venture (JV) projects with oil companies has prompted calls for an arrangement similar to what obtains in production-sharing contracts for JV projects to address the funding problem. This is as NNPC’s inability to fulfil its financial obligation…

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