ExxonMobil’s deal to secure some oil
blocks in Nigeria is under investigation by the Economic and Financial
Crimes Commission, according to documents obtained by The Guardian of
the United Kingdom.
ExxonMobil, the world’s largest oil
company, was said to have secured the lucrative oil rights in 2009 by
beating out China’s fourth-largest oil producer for access, despite
apparently underbidding its rival by $2.25bn.
The
Guardian said a letter addressed to an ExxonMobil’s subsidiary from the
Federal Ministry of Petroleum Resources showed the acceptance of a 2009
bid of $1.5bn for a 20-year lease on the Oso, Ekpe, Edop and Ubit oil
fields, which produce about 580,000 barrels per day between them – close
to a third of Nigeria’s crude oil production of about 1.8 billion bpd,
according to the Organisation of Petroleum Exporting Countries.http://www.punchng.com/efcc-probes-exxonmobil-3-75bn-oil-deal/
No comments:
Post a Comment