International Oil Companies
‘Why IOCs want indigenous firms to cut contracts cost’
Speaking during a courtesy visit to Niger Dock in Snake Island, Lagos, the Executive Secretary of NCDMB, Simbi Wabote, explained that the low oil price regime had forced many oil companies to embark on cost-cutting strategies.
Why fuel scarcity persists in airports nationwide, by marketers
Perennial fuel scarcity in the aviation sector was yesterday blamed on the Federal Government, particularly the delay in fulfilling pledges on foreign exchange (dollars) special intervention to the importers.
Absence of IOCs’ bosses stalls probe of NNPC joint venture
Investigation by the Senate into the implementation of the Joint Venture Cash Calls Obligation by the Nigerian National Petroleum Corporation (NNPC) was stalled yesterday by the absence ...
Local airlines lose N500m daily as fuel scarcity cripples sector
The airlines that have been struggling to remain in business due to economic crunch are now in dire straits losing an estimated N500 million on daily basis.