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We’ve saved over $3b, NNPC says

By Kingsley Jeremiah, Abuja
06 November 2019   |   3:49 am
Nigerian National Petroleum Corporation (NNPC) yesterday said over $3 billion has been conserved from fresh arbitrations.

Kyari Townhall Meeting with staff of the Corporation held at the #NNPCTowers. Photo; TWITTER/NNPCGROUP

Nigerian National Petroleum Corporation (NNPC) yesterday said over $3 billion has been conserved from fresh arbitrations.

Coming at a time the country is yet to address a legal battle worth $9.6 billion in gas deal involving Process & Industrial Development Limited (P&ID), Group Managing Director, Mele Kyari, said the legal department of the state oil firm had intervened in a number of arbitrations that helped the country saved about $3 billion.

Kyari disclosed this at a Town Hall meeting that also involved the participation of the corporation staff.