Nigeria: NNPC Negotiates Terms With Oil Majors to Retain Investments

9 February 2021

The Nigerian National Petroleum Corporation (NNPC), is renegotiating commercial contract terms with major oil firms, the Group Managing Director of the national oil company, Mallam Mele Kyari, has disclosed.

Kyari told Reuters that he hoped the move would keep investment flowing into the sector which is crucial for the Nigerian economy at a time when spending is being slashed.

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