Indications emerged yesterday, that from August this year, the Federal Government may hands off from Joint Venture (JV) cash call and allow International Oil Companies (IoCs) to embark on self-funding of oil and gas activities.
The Nigerian National Petroleum Corporation (NNPC) had said in its monthly financial report that 2016 budget requires monthly funding of about $712.46 million to JV cash calls.
Read more @ The Guardian
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