The Nigerian National Petroleum Corporation says it is set to revisit the fiscal terms of the existing Production Sharing Contracts entered into by it with some international oil and gas companies with a view to seeking favourable benefits to the country based on prevailing realities in the industry.
Speaking at the France-Nigeria Business Forum organised to mark the state visit of President Muhammadu Buhari to France, the Group Managing Director, NNPC, Dr. Ibe Kachikwu, said that in the weeks and months ahead, the corporation would be re-negotiating the contracts to extract as much benefit as possible for the nation.
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