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68 results found
#NNPC
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Tinubu Approves Incentives for $20 Billion Bonga Southwest Aparo Oil Project
President Bola Tinubu approved fiscal incentives, including enhanced production tax credits and a resolved 2021 dispute, to advance the Final Investment Decision on the Bonga Southwest Aparo project. Operated by Shell with partners NNPC, ExxonMobil, TotalEnergies, and Eni, the project off Nigeria's Niger Delta could attract $20 billion in investment, produce 150,000 barrels of oil daily at peak, and create over 5,000 jobs. NNPC calls it a breakthrough after years of fiscal challenges, though the final decision res...
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PRESIDENT TINUBU OVERSEES HISTORIC RESOLUTION OF OPL 245 DISPUTE, UNLOCKS MAJOR DEEPWATER INVESTMENT
President Bola Tinubu announced today the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL) at a meeting in his office attended by the Chief Executive Officer of Eni, Claudio Descalzi, Chief Operating Officer of Eni Guido Brusco, Head of Sub-Saharan Region, Mario Bello, Managing Director of Nigerian Agip Exploration, Fabrizio Bolondi and Special Adviser to the President on Energy, Olu Verheij...
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