Nigeria senate to probe state oil firm over Nigeria LNG funds

Tuesday, November 6, 2018

Nigeria's Senate voted on Tuesday to probe the state oil firm's alleged withdrawal of $1.05 billion from gas company Nigeria LNG.

The Premium Times newspaper reported on Monday that the Nigerian National Petroleum Corporation (NNPC) had used proceeds from Nigeria LNG - a venture between the state oil firm, Royal Dutch Shell, Total and ENI - to fund purchases of, and subsidies for, fuel during a shortage in early 2018.

NNPC was not available for immediate comment.


(Reporting by Camillus Eboh; writing by Paul Carsten; editing by Jason Neely)

Categories: Government Update Africa Legal LNG

Related Stories

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Fugro Lands Deepwater Gas Field Job in Southeast Asia

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Woodside Inks Long-Term LNG Supply Deal with China Resources

Japan's Mitsui Eyes Alaska LNG Project

European LNG Imports Up with Asian Influx

Current News

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Fugro Lands Deepwater Gas Field Job in Southeast Asia

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com