Budget Office opposes Reps’ plan for new oil benchmark

Shell sells off N4.5 trillion assets Lawmakers allege sabotage in power projects A PLAN by the House of Representatives to press for a new benchmark above the $65 per barrel proposed in the N4.2 trillion 2011 budget has been faulted by the Budget Office of the Federation. The lawmakers, who believe that the current positive trend in the international market, which has seen the price of crude oil rising to $100 per barrel, want the Federal Government to review upward the commodity’s benchmark ...
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Added February 03, 2011
from Guardian News