Reducing the state in JVs
Its important we explain this JV thing well… 1. in the past NNPC owns 50% of the UJVs…so we get that share of the revenues less costs 2. if we reduce our stake in the JVs (which is what is… Continue Reading
JV
NNPC, just copy Saudi Aramco
I had written earlier about how the Chinese National Offshore Oil Company (CNOOC) offered $50 billion (Fifty Billion USD) in 2009 for acquisition of six billion barrels of proven crude oil reserves in Nigeria’s onshore and deep offshore portfolios. Nigeria… Continue Reading
