L
LequteMan
Guest
There is a brewing showdown between President Goodluck Jonathan and the Senate, as the latter has rejected the president’s oil benchmark of $74 per barrel and instead, raised it up to $76.50 per barrel.
The upper legislative chamber also directed that details of the Subsidy Reinvestment and Empowerment Programme, SURE-P, projects expected for execution in the 2014 budget be attached as addendum to the annual budget estimates for approval by the National Assembly.
But unlike the above, it approved the oil product daily oil production of 2.388mbpd, 2.5007mbpd and 2.5497mbpd for 2014, 2015 and 2016 respectively as proposed by the president.
Source: Vanguard
- See more at: http://www.vanguardngr.com/2013/11/...-jonathan-oil-benchmark/#sthash.12ixFvRq.dpuf
The upper legislative chamber also directed that details of the Subsidy Reinvestment and Empowerment Programme, SURE-P, projects expected for execution in the 2014 budget be attached as addendum to the annual budget estimates for approval by the National Assembly.
But unlike the above, it approved the oil product daily oil production of 2.388mbpd, 2.5007mbpd and 2.5497mbpd for 2014, 2015 and 2016 respectively as proposed by the president.
Source: Vanguard
- See more at: http://www.vanguardngr.com/2013/11/...-jonathan-oil-benchmark/#sthash.12ixFvRq.dpuf
