NEITI: Nigeria Lost $28bn to Outdated Crude Oil PSCs

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By Chineme Okafor in Abuja. For a period spanning over ten years, 2008 to 2017, Nigeria lost as much as $28 billion from crude oil due to outdated Production Sharing Contracts (PSCs) it signed with international oil companies (IOCs) operating in the ...

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By Chineme Okafor in Abuja. For a period spanning over ten years, 2008 to 2017, Nigeria lost as much as $28 billion from crude oil due to outdated Production Sharing Contracts (PSCs) it signed with international oil companies (IOCs) operating in the ... https://ift.tt/eA8V8J

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