Showing posts with label 2017 at 12:06AM. Show all posts
Showing posts with label 2017 at 12:06AM. Show all posts

Wednesday, 13 December 2017

Nigeria seeks to amend deep offshore oil act to raise crude revenue

Emeka Ejere || Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from crude sales when prices exceed $20 a barrel, Minister of State for Petroleum, Dr. Ibe Kachikwu, said on Wednesday. The country relies on oil for around two-thirds of its revenue and is…

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