Tag: JV Contracts
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NNPC threatens to cut JV contracts over inflated production costs
The Nigerian National Petroleum Corporation (NNPC) has warned contractors that it would cancel some of its Joint Venture (JV) contracts over their bloated production cost. The Group Managing Director (GMD) of the national oil company, Mr Mele Kyari, made this disclosure yesterday during the fourth edition of the Nigerian Association of Petroleum Explorationists (NAPE) webinar…