Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Nigeria secures over $400M in future oil decommissioning costs from companies, totaling $4.4B.

flag Nigeria's oil regulator, NUPRC, secured over $400 million in future decommissioning costs from oil companies, using letters of credit and escrow accounts. flag The NUPRC CEO, Gbenga Komolafe, announced at a forum in Lagos that the commission approved 94 decommissioning plans totaling $4.424 billion, to be paid progressively. flag Nigeria is applying lessons from costly global divestment cases to protect its oil sector.

16 Articles