Oil company could not explain the loss of 20 billion dollars

The state oil company Nigerian National Petroleum Corp (NNPC) did not explain what it did with the $ 22.7 billion the company received from the sale of hydrocarbons and dividends from Nigeria LNG Ltd. for 15 years. This is reported by Bloomberg with reference to the statement of the Nigerian representative office of the British Extractive Industries Transparency Initiative (EITI).

At the same time, EITI noted that Nigeria's oil industry has ceased to be a black hole, but still requires more transparency. The representative of NNPC did not answer three calls and two text messages from Bloomberg.

The Government of Nigeria, through joint ventures with Shell, ExxonMobil, Total, Chevron and Eni SpA, controls almost 90 percent of the oil produced in the country. EITI has been operating in the country since 2004, whether its findings have an impact on Nigerian companies or the government, Bloomberg does not specify.

In 2013, the head of the Nigerian Central Bank Lamido Sanusi reported that in 2012-2013 the country lost $ 50 billion in oil revenues. According to Sanusi, traces of money are lost in NNPС. Former Nigerian President Olusegun Obasanjo then claimed that 430,000 barrels of oil are disappearing daily in Nigeria.
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