The Nigerian National Petroleum Corporation (NNPC) has signed a partnership with Nigeria Agip Oil Company (NAOC).
The NNPC has signed an agreement with NAOC and Oando for the transfer of its stake in four oil wells to the NPDC, its upstream arm.
Global oil benchmark, Brent Crude, is currently trading at $79 per barrel in the international market.
NNPC may fund NNPC/TEPNG JV’s Ikike Project through the capital market.
Senior Vice President of the Nigerian Agip Oil Company (NAOC) Masimmo Insulla has said the company had begun feasibility studies for a 110,000 barrel per day...
