Vice-President, Yemi Osinbajo on
Wednesday met with the Minister of State for Petroleum, Ibe Kachikwu and
Maikanti Baru, Group Managing Director of the Nigerian National Petroleum
Corporation (NNPC) at the presidential villa in Abuja.
Speaking at the end of the
meeting, Kachikwu said issues ‘over joint venture cash call’ were discussed at
the meeting.
Addressing State House
Correspondents, the Minister said issues around oil fields were also discussed.
He said, “It’s a meeting on the
upstream. It was largely AGIP bringing some information to the vice-president
on where they had been in terms of Okpai, in terms of Zabazaba Deepwater
oilfield field, in terms of the cash call exit which they are doing with NNPC.
“Agip was basically updating him,
asking for areas where they need some assistance from government officials to
sort of fast track. It was normal upstream meeting.
“We discussed only to the extent
that a few completion items on NNPC, largely the opening up of the escrow
accounts and that type of stuff which they need to fasten up on.
“But we are far gone on that.
Installment payments are already going on, I think NNPC is undertaking by
October or early next month to complete that whole process. So is going on very
well.”
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