Tag: Joint Venture
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Senate probes Shell over Joint Venture breach, seeks $200m refund to FG
The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture Agreement entered into with the Federal Government. The Ad-Hoc committee was mandated to probe the Oil Mining Lease granted to SPDC between 1959 to 1989, and 1989 to 2019…