Business Buhari Allegedly Approves Just 5 IOCs to Lift Crude Oil in Nigeria

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LequteMan

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Nigeria - Unconfirmed reports from THE WILL says about 5 international oil companies will be allowed to lift crude oil in Nigeria, following a directive from President Muhammadu Buhari.

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President Buhari approved about five international oil companies and traders to lift Nigeria’s crude oil under the crude oil term lifting contracts, which is usually done yearly.

Reports say indigenous oil trading company including the 28 local firms that won contracts last year are being allowed to lift crude from oil platforms following the presidential directive.
 
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