Oil sale offers are scam Dr
Ibe Kachikwu stated that the era of discretionary sale of crude oil by the
Nigeria National Petroleum Corporation (NNPC) is now a thing of history.
The Minister of State for
Petroleum, Dr Ibe Kachikwu has Chinese businessmen seeking information at the
Nigerian Embassy in Beijing about scam.
The Minister said this at
the forum organized by officials of the Nigerian Embassy in Beijing who seeks
clarification about the sale of crude oil in Nigeria following enquiries from
Chinese businessmen who got illegal offers from Nigeria
Dr Kachikwu explained that
only 11 companies were approved to lift crude oil from Nigeria following an
open bid process and that the next bids will hold in April 2017 and that
Nigeria is also investigating reported discovery of Nigeria’s stolen oil in
China.
The minister however,
appealed to Chinese businessmen who buy stolen oil to desist from the act as it
encourages vandalism and militancy in Nigeria
The meeting which was one
of the activities on NNPC roadshow in China to seek investment for the repair
and expansion of infrastructure in the nation’s oil industry, witnessed the
signing of Over 50 billion dollars memorandum of understanding (MoU) for investments
in the oil industry.
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