NNPC debt to IOCs hit $2.84bn

05 January 2016, Abuja — The insolvency of the Nigerian National Petroleum Corporation, NNPC, has been brought to the fore, with its inability to fund its obligation to International Oil Companies, IOCs, as it owes its Joint Venture (JV) partners $2.839 billion, about N567.76 billion, between January and November 2015. The NNPC, in its Monthly […] More »