NNPC pays $833.57m cash-call arrears to Mobil
July 4, 2019
12:00 am
The Nigerian National Petroleum Corporation (NNPC) says it has fully settled the total amount owed to Mobil Producing Nigeria (MPN) with a payment of 833.57 million dollars cash call arreas.
The corporation disclosed this in a statement signed by its spokesman Mr NDU Ughamadu, in Abuja on Wednesday.
He said that the corporation was able to achieve this barely two years after it signed a Cash-call Repayment Agreement with its Joint Venture partners to defray cash-call arrears within a period of five years.
According to him, the Group Managing Director of NNPC, Dr Maikanti Baru disclosed this at a commemorative …
