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Vol 2 (AAC) No 4

Published 1st February 2009


Nigeria

What's yours is mine and...

India's gain may prove to be South Korea's loss as local political shifts hit Nigeria's oil business

The Korean National Oil Company may take legal action in response to Nigeria's revoking last month of two lucrative concessions awarded to the company in 2005. KNOC won operating rights to Oil Prospecting Licences 321 and 323 ahead of a rival consortium led by India's Oil and Natural Gas Corporation Videsh (OVL).

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