Govt, oil majors sign $5.1bn JV settlement deal

16 December 2016, Abuja –  The Federal Government on Thursday signed a deal with Shell, Chevron, Total, Eni and Exxon Mobil to clear unpaid bills worth $5.1bn for oil production joint ventures piled up over many years. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said in a speech at the signing ceremony […] More »