'INDEPENDENT OIL FIRMS AVOID PAYMENT OF ROYALTIES, TAXES'

The independent oil and gas companies may have been infringing on the nation’s petroleum regulations with the high level of defaults in payment of royalties and taxes on the operated oil fields.

The Department of Petroleum Resources (DPR), which revealed this at the ongoing Nigeria Oil and Gas Conference and Exhibition (NOG) in Abuja, yesterday, said the indigenous upstream operators have failed to perform their operational obligations, particularly in the areas of taxes and royalties.

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