Nigeria pays oil majors $3bn, moving closer to ending dues

Nigeria reimbursed oil companies including Exxon Mobil and Royal Dutch Shell $3-billion, moving closer to clearing operating expense arrears owed since 2010. The payment is being settled through a five-year crude oil sales deal agreed in 2016, Nigerian National Petroleum Corp (NNPC) said in a statement. While a majority has been paid as of August, there’s still about $1.7-billion outstanding. Exxon has got $2.3-billion, clearing all dues. Shell has received $455-million, but is still owed $917-million.

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