(1/2) As of 2015, NNPC was owing more than $6 billion in unpaid Cash Calls for JVs with IOCs. @IbeKachikwu negotiated a nice discount & repayment plan. @DrMKBaru (RIP) and @MKKyari have continued the payments. As of Q4 2020, more than $3 billion of post-discount arrears paid off.
(2/2)
Mobil’s arrears fully cleared: google.com/amp/s/mobile.r…
Outstanding ones include arrears owed SPDC, CNL, TOTAL and NAOC. All will be paid.
[Even during the years of $100 oil nobody thought it made sense to keep up with Cash Call obligations or clear outstandings]
Mobil’s arrears fully cleared: google.com/amp/s/mobile.r…
Outstanding ones include arrears owed SPDC, CNL, TOTAL and NAOC. All will be paid.
[Even during the years of $100 oil nobody thought it made sense to keep up with Cash Call obligations or clear outstandings]
References/Addendum: (Been following this for a few years):
1.
1.
https://twitter.com/toluogunlesi/status/1058269834759286784?s=21
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