Nigeria begins talks with major oil firms over oil revenue dispute

The Nigerian government and international oil companies are trying to find a common ground on a dispute over oil revenues.

Citing a 2018 Supreme Court decision, the government says it is entitled to $62 billion from companies after they failed to comply with a 1993 law that gives the state a larger share of revenues when oil exceeds $20 a barrel.

The companies have questioned this.

“We have opened a process of engagement between the parties,” Justice Minister Abubakar Malami said at his Abuja…
READ MORE : http://www.africanews.com/2019/10/13/nigeria-begins-talks-with-major-oil-firms-over-oil-revenue-dispute

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