The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation (NNPC), in its past audit reports have been resolved.
In a statement in Abuja, NEITI, also noted that eight other issues in its past audit reports against the NNPC were currently being resolved, while only one issue was yet to be resolved.
The unresolved issue, according to NEITI, is the status of the Nigerian Liquefied Natural Gas (NLNG) payments, noting that a joint committee of NEITI and NNPC Joint Committee on Remediation and Mainstreaming, which made the disclosure, also recommended that NNPC publish a statement on the status of the NLNG account.
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NEITI clears NNPC, says 11 audit issues resolved
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By Michael Eboh
The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved.
In a statement in Abuja, NEITI, also noted that eight other issues in its past audit reports against the NNPC were currently being resolved, while only one issue was yet to be resolved.
The unresolved issue, according to NEITI, is the status of the Nigerian Liquefied Natural Gas’, NLNG, payments, noting that a joint committee of NEITI and NNPC Joint Committee on Remediation and Mainstreaming, which made the disclosure, also recommended that NNPC publish a statement on the status of the NLNG account.
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Home » News » Foreign Investment Network – fIN host Global Petroleum Leaders in it’s Upstream Oil & Gas Investment Meeting
Foreign Investment Network – fIN host Global Petroleum Leaders in it’s Upstream Oil & Gas Investment Meeting
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Notable for facilitating Foreign Direct Investment across the Oil & Gas Sector in Global and Developing Economies, Foreign Investment Network – fIN United Kingdom, organised a virtual meeting for Leading Petroleum Industry Leaders tagged ”Global Investment Outlook for Upstream Oil & Gas Post Covid-19”.
The meeting which was held on Tuesday – December 12th at 2.00 – 4.00pm UK time, had Dr. Sturt Lake – Director Invictus Energy Australia, Dr. Carole Nakhle – C.E.O Crystol Energy London & Chike Nwosu – C.E.O Waltersmith Petroman Oil Nigeria and drew participation from four Continents, twenty one countries, twenty Operating Oil Companies, three Investors, Government acr