Nigeria: Govt Pledges to Implement Report On U.S.$1 Billion Abandoned Oil Facility

12 April 2021

Abuja — The federal government has received the report of the compensatory contracts and other incentives committee on the abandoned $1 billion Kaztec Engineering Limited (KEL) fabrication yard, located in Ilase village, Snake Island, Amuwo-Odofin Council, Lagos State.

Submitting the report to the Minister of State, Petroleum, Mr. Timipre Sylva, in Abuja, Chairman of the Committee and Member of the Board of the Nigerian National Petroleum Corporation (NNPC), Senator Magnus Abe, described the assignment as sensitive.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 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.