27 April 2014

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.

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