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Tiff with Mobil seen as threat to Nigeria's credibility

•Lawyers warn FG may run into costly litigations The fresh face-off between the Federal Government and the US oil giant Mobil over the renewal of the oil mining leases (OML) 67, 68 and 70 could potentially erode whatever is left of Nigeria's credibility in her increasingly rancorous partnership with international oil companies (IOCs) operating in the country. The Federal Government reached a deal with Mobil last year to renew the three leases with aggregate daily capacity of about 600,000 ...
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Added May 04, 2010
from Businessday Nigeria