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Nigeria : Court Stops Norwegian Oil Firm From Repatriating Profits

Lagos A Federal High Court in Lagos yesterday ordered a Norwegian oil firm, Statoil Nigeria Limited to ensure that proceeds accruing to it from the 18.5 per cent interest in the Agbami oil field operated by ChevronTexaco and located in concession acreages of OML 127 and OML 128, OML 129 and OPL 315 should remain within Nigeria and not repatriated outside the shores of the country pending the ...
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Added April 27, 2010
from Yahoo Nigerian News