Wednesday 8 June 2016

SENATE QUERIES CHEVRON OVER $7.4B CONTRACT INFLATION

SenateThe Senate yesterday began investigation into the inflation of the contract sum of the Escravos Gas To Liquid Project (EGTL) from $2.9 billion to $10.3 billion, an increase of $7.4 billion, by Chevron Nigeria.

The Senate Committee on Gas at a public hearing queried Chevron Nigeria Limited (CNL) for increasing the contract sum without recourse to its partner, the Nigerian National Petroleum Corporation (NNPC

Read more @ Guardian Online

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