NNPC reform


Issue 249 - 28 Feb 2013 | 1 minute read

A major ongoing concern for international oil companies (IOCs) is cash-strapped parastatal Nigeria National Petroleum Corporation (NNPC)’s continuing inability to fund its share of joint venture projects and its transformation into a national oil company (NOC). Shell Petroleum Development Company managing director and Shell Nigeria country chairman Mutiu Sunmonu said a lack of funding was constraining growth, and that the government needed “a new approach to funding” and to be “more flexible in its thinking”

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