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NNPC denies link with Indian oil firm

October 21, 2015 11:08 am

The Nigerian National Petroleum Corporation (NNPC) has denied reports linking the organisation with the failed bid by an Indian firm to acquire an oil block, and the consequent non-refund of the signature bonus it paid for the deal.

Oil and Natural Gas Corp-Mittal Energy Limited is at the centre of the report. NNPC Group General Manager: Group Public Affairs Division, Ohi Alegbe, condemned the report.

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He said that the reports linking the corporation with the transaction showed a “high level of ignorance on how the oil and gas industry in Nigeria  worked.”

“We wish to clarify that NNPC is not the statutory body  saddled with the responsibility of organising bid rounds and so could not have received the alleged amount of US$25 million or any payment from OMEL for the transaction,” Ajegbe said.

He described the deliberate attempt to drag NNPC into the various allegations surrounding the transaction as mischievous and unfortunate.

“We urge those who are interested in the story to seek clarification with the relevant agencies responsible for conducting bid rounds and to whom OMEL may have paid the alleged fee,” he said.

Author: Augustine Osayande

NNPC denies link with Indian oil firm Reviewed by on . The Nigerian National Petroleum Corporation (NNPC) has denied reports linking the organisation with the failed bid by an Indian firm to acquire an oil block, an The Nigerian National Petroleum Corporation (NNPC) has denied reports linking the organisation with the failed bid by an Indian firm to acquire an oil block, an Rating: 0
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