OIL WORKERS SUGGEST ALTERNATIVE WAYS OF FUNDING JOINT VENTURE OPERATIONS

Oil workers, under the umbrella of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have urged the federal government to review the current funding arrangement for the Nigerian National Petroleum Corporation (NNPC) Joint Venture (JV) operations with the international oil companies (IOCs) in view of the Corporation's huge indebtedness to the oil majors.

The oil workers reasoned that alternative funding for the JVs operations with the state oil company, NNPC will address the funding challenge, which has adversely affected the JV operations over the years

 

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