Page 4 - Marginal Fields News Today

It is worth reiterating that gas flaring reduction potential was part of the underlying opportunity for the (otherwise laudable) project. PI&D obtained arbitral award against Nigeria, sought to enforce same inclusive of the substantial interests and Nigeria after some initial lethargy and missteps is now actively challenging same, arguing that the entire project was a fraud. See Fikayo Akeredolu, Nigeria and P&ID: The Story Behind the $9.6 Billion Judgement, Nigeria Wins Another Victory Agains...

Views: Visits 538 The anti corruption war of President Muhammadu Buhari meant to sanitise all sectors of the economy doesn’t seem to apply to the petroleum ministry as the country’s 2020 Opaque Marginal Fields bid which is supposed to be overseen by both the Department of Petroleum Resources, DPR and the ministry of petroleum, is being riddled with fraud, corruption, bribery. And this is despite a presidential approval. The Department of Petroleum Resources (DPR), Nigeria’s hydro...