Tag: HOSTCOM
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PIA: Host communities make fresh demands from oil companies
Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) have called for an upward review of the three per cent statutory fee accruing to host communities from oil companies. According to HOSTCOM, the review becomes necessary in view of present economic realities.
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HOSTCOM leaders rubbish report on reduction of 3% allocation for communities
Leaders of Host communities producing Oil and Gas in Nigeria, (HOSTCOM), have rubbished media reports that the 3% allocation for host communities in the Petroleum Industry Act, has been reduced . One of the National dailies had on Tuesday reported that the 3% operational cost which International Oil companies in host communities were expected to…