• Nigeria, Saudi Arabia to partner on refineries
• OPEC considers output cut to stabilise prices
Chineme Okafor and Alex Enumah in Abuja
The presidency said Wednesday that the federal government is investigating multinational giants, including Mobil Oil Producing for allegedly short changing the federation in the payment for the oil blocks they acquired and remittance of taxes.
This came as an Italian expert, Dr Don Hubert, in his analysis of the report on OPL 245, noted that the Malabu deal from onset was designed to short change Nigeria, as the agreement took out areas that were meant to generate revenue for the country.
A senior presidential assistant and Chairman of the Special Panel on Recovery of Public Properties, Mr. Okoi Obono-Obla, said at a press conference in Abuja that the oil giant, Mobil Oil, committed the act in…
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