CHINESE OIL FIRM PAYS $81.329m FOR TWO OIL MINING LEASES
The Federal Government received a total payment of 539.578 million Yuan, about $81.329 million, from a Chinese oil firm, the China National Offshore Oil Corporation, CNOOC, in 2016, for two petroleum assets, Oil Mining Leases, OML, 130 and 138. The payments which translated to about N29.278 billion, were for taxes, royalties and fees for the […]
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