Thursday, January 23, 2020
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Court suspends NNPC ongoing job recruitment

Taleveras Petroleum Trading BV has provided clarification on its involvement in the crude for petroleum products exchange agreement, better known as crude oil swaps, with the Nigerian National Petroleum Corporation (NNPC),
In a statement made available to newsmen and signed by its spokesman Mr. Ovie Akpovwa, said: “At no time has Taleveras been asked or has it refunded $115 million to any authority under any recovery process,” describing that aspect of the story as inaccurate.

The chief executive of Oando Gas & Power, Bolaji Osunsanya, has said that Nigeria needs to increase natural gas prices for power plants further to help encourage more gas exploration and production, Osunsanya said that the current price of gas for power plants at $2.50/tcf is not suitable to stimulate the $55 billion of investment that is needed for exploration activities, new processing facilities, pipelines and transmission and distribution networks.

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