Showing posts with label execs. Show all posts
Showing posts with label execs. Show all posts

Sunday, February 17, 2013

Heat on Nigeria's Petroleum Industry As Oil Execs gather





Major oil industry executives gather in Nigeria's capital for an annual conference this week with Africa's largest crude producer under pressure over reports alleging large-scale corruption and mismanagement.

The conference kicking off Monday evening in Abuja is expected to see appearances by government ministers and top officials from oil majors Shell, Exxon, Total and Chevron, as well as Nigeria's state petroleum firm NNPC.

It comes on the heels of a report from a government-appointed panel alleging Nigeria has lost out on tens of billions of dollars in recent years through questionable practices in the industry.

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