All posts tagged "iocs"

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  Shell, Chevron, others declare $38.76bn dividend

  Nigerians were once again the losers, as six international oil companies — Royal Dutch Shell, ConocoPhilips, Chevron, Total, Eni and ExxonMobil — paid their shareholders a dividend of $38.76 billion (N6.201 trillion) in 2013. The dividends were...

  • Posted August 21, 2013
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  Nigeria second to Russia in global gas flaring

  Nigeria, the highest producer of gas in Africa, loses about $1.789 billion or N286.24 billion to gas flaring annually. Mr. George Osahon, Director, Department of Petroleum Resource, DPR, has said. Osahon who was represented by his Deputy...

  • Posted July 11, 2013
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  Nigeria loses N159trn as IOCs divest

  Is the spate of divestments in the oil and gas industry a healthy development for Nigerian economy? This has been the question on the lips of many Nigerians, as the country has suffered capital flight in excess...

  • Posted July 2, 2013
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  IMF okays PIB; calls for early passage

  Global financial watchdog, the International Monetary Fund, IMF, has commended Nigeria’s Petroleum Industry Bill, PIB, saying, it “would boost investment, government revenue, and fiscal transparency.” The commendation was given in spite of varied criticisms by oil majors...

  • Posted May 21, 2013
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