There is growing tension in both the downstream and the upstream sectors of the oil and gas industry, following a 14-day ultimatum handed over to Nigerian Agip Oil Company (NAOC) by the Port Harcourt Zone of the Nigerian Union of Petroleum and Natural Gas (NUPENG), THISDAY has learnt.Rising from their August 11, 2014 emergency meeting, NUPENG had handed over an ultimatum to NAOC to respect the April and June 2014 letters from the National Petroleum Investment Management Services (NAPIMS), a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
The letters, according to NUPENG, directed the Italian company to discuss the stop-gap contract of turbine and related equipment maintenance contract in OB|OB, Ebocha and Kwale with Arco Petroleum Nigeria Plc.
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