Addax Petroleum

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NNPC Terminates Contract With Addax, Takes Over Assets

Aina Ojonugwa, THEWILL -
January 31, (THEWILL) - The Nigerian National Petroleum Company Ltd  (NNPCL) has terminated the Production Sharing Contract with Addax Petroleum on four oil blocks. The Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, made this known...
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BusinessOgochukwu Onwaeze, THEWILL -

NNPC Commits ₦473.8bn To Gas Infrastructure Projects, Records ₦25.7bn Interest

The report stated that the ₦473.8 billion loan was granted to NGIC “to fund the Nigeria–Morocco Gas Pipeline cash call commitments, equity injection to AGPC, and finance the AKK Pipeline Project.”
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