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EN
NNPC Commends Taleveras As It Moves to Recover $184m Crude SWAP Under-Deliveries From Companies
['African Examiner']
Energy | African Examiner
NNPC Commends Taleveras As It Moves to Recover $184m Crude SWAP Under-Deliveries From CompaniesPicture caption: Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation, NNPC has commended Taleveras, one of Nigeria’s oil companies for its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement.
Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru made this commendation while revealing NNPC’s strategies to recover over $184 million in product under-deliveries recorded against three oil companies in the course of reconciliation of transactions executed during the defunct crude for product swap regime.
Ontario has also agreed to come to the table with our team and present their repayment schedule,’’ Baru said.
He also said Ontario has already pledged to repay $17m and thanked the company for their cooperation so far.
Baru emphasized the determination of the NNPC under his leadership to recover the outstanding stock of its missing petrol in Capital oil depot noting that MRS had complied.
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