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Petroleum Ministry paid N98 4m for PIB flyers; N39m for project monitoring

By Henry Umoru Abuja The Senate has taken a swipe at the Ministry of Petroleum Resources over the payment of N98.4 million for the printing of leaflets for the awareness campaign programme for the Petroleum Industrial Bill, PIB, without due process. The Senator Matthew Urhoghide, Peoples Democratic Party, PDP, Edo South-led Senate Committee on Public Accounts, which raised the alarm, have also discovered how the payment of N39 million was paid into two persons accounts for project monitoring within Abuja. READ ALSO: The Committee is relying on the query raised by the Office of the Auditor-General of the Federation in the 2015 report and brought before it for probe and subsequent presentation to the Senate at Plenary.

Port harcourtAbuja federal capital territoryMatthew urhoghideHenry umoruMinistry of petroleum resourcesSenate at plenaryPolice sergeantOffice of the auditorMinisterial tender boardMinistry of petroleumPeoples democratic partyPetroleum industry billEdo senate committee on publicSenate committee on publicPetroleum industrialKindly share this story

Elumelu s firm buys IOCs stakes in oil block for $1 1bn – Punch Newspapers

Punch Newspapers Sections ’Femi Asu Three international oil companies operating in Nigeria have sold their combined 45 per cent interest in Oil Mining Lease 17 and related assets in the Eastern Niger Delta to TNOG Oil and Gas Limited, an integrated energy company founded by Mr Tony Elumelu. Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited assigned their interests of 30 per cent, 10 per cent and five per cent respectively in the lease to TNOG Oil and Gas. SPDC announced in a statement on Friday the completion of the sale of its 30 per cent interest in OML 17 and associated infrastructure to TNOG Oil and Gas for a consideration of $533m.

Port harcourtNiger deltaNigeria generalOsagie okunborTony elumeluPep nigeriaOil mining leaseMinistry of petroleum resourcesNigerian agip oil companyTransnational corporation of nigeria plcShell petroleum development company of nigeriaHeirs holdingsEastern niger deltaGas limitedPetroleum development companyNigeria limited

Heirs Holdings expands portfolio in Oil and Gas, acquires OML 17 from SHELL Petroleum,TOTAL and ENI

Tony Elumelu’s Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. In addition, TNOG Oil and Gas Limited will have sole operatorship of the asset,Niyi Tabiti gathered. The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion, provided by a consortium of global and regional banks and investors. OML 17 has a current production capacity of 27,000 barrels of oil equivalent per day and, according to our estimates, 2P reserves of 1.2 bi

Nigeria generalNiger deltaRepublic of beninNiyi tabitiOwen omogiafoTony elumeluGas limitedHeirs holdingStandard chartered plcTony elumelu heirs holdingsMinistry of petroleum resourcesAfam three fast powerTransnational corporation of nigeria plc transcorpUnited capital plcAfam power plcHh group

Heirs Holdings expands oil and gas portfolio, acquires 45% of OML 17 from Shell, Total, ENI

Heirs Holdings expands oil and gas portfolio, acquires 45% of OML 17 from Shell, Total, ENI
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Nigeria generalNiger deltaRepublic of beninOwen omogiafoTony elumeluHeirs holdingGas limitedStandard chartered plcMinistry of petroleum resourcesAfam three fast powerTransnational corporation of nigeria plc transcorpUnited capital plcAfam power plcHeirs holdingsPep nigeriaShell petroleum development company of nigeria

Heirs Holdings, Transcorp acquire 45% of Shell oil bloc for $1 1bn

Heirs Holdings, Transcorp acquire 45% of Shell oil bloc for $1 1bn
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Niger deltaNigeria generalOwen omogiafoTony elumeluHeirs holdingPep nigeriaTransnational corporation of nigeria plc transcorpMinistry of petroleum resourcesHeirs holdingsShell petroleum development company of nigeriaTransnational corporationNigeria plcShell petroleum development companyNigeria limitedTotalep nigeria limitedGas limited