Nigerian National Petroleum Corp

Exxon Mobil Corp. signage is reflected in a puddle at a gas station in Nashport, Ohio, U.S., on Friday, Jan. 26, 2018. Photographer: Ty Wright/Bloomberg

ExxonMobil loses US case against NNPC over Erha

06/09/2019

by Ed Reed

A US court has ruled in favour of Nigerian National Petroleum Corp. (NNPC), dismissing ExxonMobil-led claims that sought to extract $1.799 billion plus interest.

Gas flares burn from pipes at an oil flow station operated by Nigerian Agip Oil Co. Ltd. (NAOC), a division of Eni SpA, in Idu, Rivers State, Nigeria, on Monday, Sept. 28, 2015. Photographer: George Osodi/Bloomberg

Africa

Nigeria’s state oil company hasn’t explained missing billions

12/03/2018

by Bloomberg

An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue.