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Vol 49 No 3

Published 1st February 2008


Nigeria

Oil and Abuja: A rockier relationship

Relations between multinational oil companies and the government of President Umaru Musa Yar'Adua are deteriorating. The big oil companies are talking of a chronic financing crisis. Tony Chukwueke, Director of the Department of Petroleum Resources said Nigeria was getting 'tired of the Shells and Exxons', although so far it has had limited success in bringing in alternative investors. Both sides are making much of Abuja's review of the contractual terms between the oil companies and government, even though the review was scheduled years ago.

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