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Nigeria secures over $400M in future oil decommissioning costs from companies, totaling $4.4B.
Nigeria's oil regulator, NUPRC, secured over $400 million in future decommissioning costs from oil companies, using letters of credit and escrow accounts.
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.
Nigeria is applying lessons from costly global divestment cases to protect its oil sector.
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Nigeria asegura más de $400M en futuros costos de desmantelamiento de petróleo de las compañías, por un total de $4.4B.