Western oil groups warn Nigeria against overhaul of contracts

Western oil groups warn Nigeria against overhaul of contracts

Oct 12th, 2015 

by John Donovan. 

No comments yet

Western oil executives are warning Nigeria against major changes to commercial contracts that could lead to the government taking a bigger share of revenues from the country’s deepwater fields, FT reports.

The decision – which the government says will affect Royal Dutch Shell (RDS.A, RDS.B), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Eni (NYSE:E) and others “in the weeks and months ahead” – has sparked concern among execs who say they know nothing of the details are have not been contacted.

read more

Share this:

• Facebook
• Twitter
• Email
• Print

Like this:

Loading...

Posted in: Africa, Chevron, Exxon Mobil, Nigeria, Oil, Royal Dutch Shell Plc, Shell.
Tagged: Chevron · ExxonMobil · Nigeria · Oil · Royal Dutch Shell Plc · Seeking Alpha ·Shell

The TRUTH will set you FREE.