Nigeria Looks To Settle Export Dispute With Big Oil Firms

The Nigerian National Petroleum Corporation (NNPC) has signed a preliminary agreement with two companies over a dispute about foreign firms exporting Nigerian oil from some offshore fields, which could pave the way to resolving all disputes with international oil majors about oil exports. NNPC signed the agreement with China National Offshore Oil Corporation (CNOOC) and Nigerian South Atlantic Petroleum (SAPETRO), “signifying a major milestone towards the resolution of all disputes related to Oil Mining Lease (OML) 130 Production Sharing…