NEC endorses new JV funding structure for oil industry, drops cash calls

NEC endorses new JV funding structure for oil industry, drops cash calls

Abuja – The National Economic Council (NEC) on Thursday endorsed the approved proposal for the changing of the Joint Venture (JV) funding regime for the oil industry. By the endorsement, the cash call mode of funding partnerships in the industry has been eliminated. The Minister of State, Petrolem, Dr Ibe Kachikwu, gave the hint while addressing […]
Source: NEC endorses new JV funding structure for oil industry, drops cash calls

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