This Day (Lagos)

Nigeria: Alison-Madueke Defends 60 Percent Oil Lifting Contracts Award to Nigerian Firms

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has said that the recent award of term contracts for crude oil lifting, majorly to indigenous oil and gas companies, is part of federal government's larger objective to encourage effective local participation in operations within Nigeria's oil and gas industry.

Alison-Madueke said in a statement from the Nigerian National Petroleum Corporation (NNPC) Sunday in Abuja that the decision to award over 60 per cent of the 2014 to 2015 annual term contracts for the lifting of Nigeria's crude oil to local firms was taken after a painstaking pre-qualification process.

Ads by Google

Copyright © 2014 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.