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Stakeholders decry secrecy in transactions



Despite probes going on at both chambers of the National Assembly, there are indications that the Federal Government may go ahead with the concession of the country’s ailing refineries, just as Nigeria Agip Oil Company (NAOC)/ENI, and Oando Plc might eventually get the nod for the Port Harcourt Refinery Company (PHRC) to

The Guardian was informed that the aforementioned companies ought to have concluded the deal with the Ministry of Petroleum Resources in July 2017, but the process was stalled because the National Assembly said the transaction was shrouded in secrecy.

Sources at the refinery disclosed to The Guardian that the executive and legislative arms of government may have resolved their differences, which had stalled the concession of the ailing refinery to the two companies, based on an agreement to repair, operate and maintain the refinery.

The Guardian, March 4, 2018

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